Financial

Passbook

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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.
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Pierre Williams, from Money Expert.com, says: "Many older savers like and value the security and certainty offered by a passbook.
In addition the printer offers users transaction times of typically 2.2 seconds for passbooks, as well as more advanced features such as Automatic Paper Alignment of forms and Automatic Gap Adjustment of the printer head.
There recently has been a spate of crimes in which stolen passbooks have been used to withdraw cash from post office or bank accounts.
"Printing of passbooks and Cheque books is in the process of completion and would be over by this month end.
Native apps for merchants, streamlined mobile reservations for consumers, and a unified experience via Apple Passbook. Not to discount our other achievements this year, but this is a great way to close off the year!”
"The day after the registration, the passbook will be sent to the Tahsildar's office.
iPhone users just download a search pass for their city and leave it in their Passbook app.
Operator of general merchandise stores, Target Corp (NYSE:TGT) declared on Thursday support for Passbook in iOS 6 on the iPhone and iPod touch.
''When you obtained the passbook you must have known, it seems to me, that she was a patient in the hospital, but you took advantage.
MOST savers with passbook accounts are missing out on a small fortune in lost interest every year.
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