bank

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Bank

An institution that provides a great variety of financial services. At their most basic, banks hold money on behalf of customers, which is payable to the customer on demand, either by appearing at the bank for a withdrawal or by writing a check to a third party. Banks use the money they hold to finance loans, which they make to businesses and individuals to pay for operations, mortgages, education expenses, and any number of other things. Many banks also perform other services for a fee; for instance they offer certified checks to customers guaranteeing payment to third parties. In some countries they may provide investment and insurance services. With the exception of Islamic banks, they pay interest on deposits and receive interest on their loans. Banks are regulated by the laws and central banks of their home countries; normally they must receive a charter to engage in business. Banks are usually organized as corporations.

bank

a deposit-taking institution which is licensed by the monetary authorities of a country (the BANK OF ENGLAND in the UK) to act as a repository for money deposited by persons, companies and institutions, and which undertakes to repay such deposits either immediately on demand or subject to due notice being given. Banks perform various services for their customers (money transmission, investment advice, etc.) and lend out money deposited with them in the form of loans and overdrafts or use their funds to purchase financial securities, in order to operate at a profit. There are many types of banks, including COMMERCIAL BANKS, MERCHANT BANKS, SAVINGS BANKS and INVESTMENT BANKS. See BANKING SYSTEM, BANK OF ENGLAND, CENTRAL BANK.

bank

a deposit-taking institution that is licensed by the monetary authorities of a country (the BANK OF ENGLAND in the UK) to act as a repository for money deposited by persons, companies and institutions, and which undertakes to repay such deposits either immediately on demand (CURRENT ACCOUNT 2) or subject to due notice being given (DEPOSIT ACCOUNTS). Banks perform various services for their customers (money transmission, investment advice, etc.) and lend out money deposited with them in the form of loans and overdrafts or use their funds to purchase financial securities in order to operate at a profit. There are many types of banks, including COMMERCIAL BANKS, MERCHANT BANKS, SAVINGS BANKS and INVESTMENT BANKS. In recent years many BUILDING SOCIETIES have also established a limited range of banking facilities. See BANKING SYSTEM, CENTRAL BANK, FINANCIAL SYSTEM.

bank

An institution empowered by law to receive deposits, cash checks or drafts, discount commercial paper,make loans,and issue promissory notes payable to the bearer,known as bank notes. American commercial banks fall into two categories:(1) federally chartered and (2) state chartered. Federally chartered banks come under the regulatory and auditing supervision of the United States Comptroller of the Currency.State-chartered banks come under the control of the appropriate state banking authority.Typically the FDIC will audit state-chartered banks and the comptroller's office will audit federally chartered banks.

References in periodicals archive ?
Note that the reference trajectory is the integral trajectory using the constant angle of attack and bank angle.
If only angle of attack and aerodynamic bank angle is utilized for flight control inside the model, the slip angle is assumed 0, meaning the flight is assumed to be perfectly coordinated.
Approaching a runway at approximately 90 degrees, the pilot turns with the normal bank angle and ends up too close, so the turn to final results in either an increased bank angle or an overshoot.
3 Vso), bank angle to control the rate of descent, and rudder to maintain heading and yaw the airplane's longitudinal axis.
Should the slip/skid ball want to move to one side or another during a slow-flight demonstration, you can back away from the potential for a spin by either easing off the rudder pressure or adding bank angle to bring the turn into coordination--with the little black ball back in the center of the tube.
Turns of almost any bank angle are complex, shifting load vectors as they alter the direction of flight.
I like to roll to an approximate bank angle by the roll indicator at the top of the display and keep or change pitch by pegging the top center of the triangle to a specific place on the pitch ladder.
This added "load" also increases stall speed three to eight knots in a typical Cessna 172 at gross weight, depending on bank angle and flap setting.
Then, realizing what we're (not) doing, we add pressure to a rudder pedal and/or change the bank angle to bring things back into line.
You've now minimized aerodynamic drag, and can remember what bank angle and ball position it takes for exactly zero side-slip.