Passbook

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Related to Passbook account: passbook savings account

Passbook

1. A ledger or book on which a depositor at a bank records all transactions in one's account, such as deposits, withdrawals, and interest payments. It is also called a bankbook.

2. A ledger or book on which a company records the credit sales it makes to customers.
References in periodicals archive ?
A children's savings passbook account is an easy, practical, convenient gift that starts a child in the healthy habit of saving.
Programs like the Red Sox Passbook Account are geared directly to youngsters.
com shows the number of passbook accounts paying less than 1% has shot up to 344 out of a total of 628 accounts.
One important example: Interest on bank passbook accounts was stuck at 5 1/4 percent - by government fiat - while "real world" interest rates were approaching 20 percent; that meant people were actually losing money by keeping it in the bank.
4 million increase in certificates of deposit and $179,000 increase in statement savings accounts and our new e-savings accounts, offset by a $112,000 decrease in passbook accounts.
Mutually-owned building societies that still offer face-to-face services and old style passbook accounts are cashing in on the protest.
30 Non-interest earning assets 42,096 49,242 Total assets $789,091 $822,055 Liabilities and retained earnings: Interest-bearing liabilities: Passbook accounts $159,500 $971 2.
But many of the investors fueling this boom aren't sophisticated shareholders with strong convictions; they are former savers hoping to beat the 2 percent annual interest rate banks offer on passbook accounts.
Our passbook accounts are also popular," says Vargo as he opens its firm dark blue cover with white pages and lots of little numbers inside.
Passbook accounts are opened on average with more than pounds 400, and 80% of account holders have a passbook while 20% have the cash card permitted once they turn 11.
It found that the average return paid by the top five easy access passbook accounts was 4.
74 Non-interest earning assets 40,182 Total assets $780,964 Liabilities and retained earnings: Interest-bearing liabilities: Passbook accounts $150,059 $913 2.