bank

(redirected from cant)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

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 ?
Effect of cutting width and cutting height on the surface quality of black spruce cants produced by a chipper-canter.
Cant said that fresher must consider their shape and the industry they are going into.
Sometime after Hale's successful test of the new cant dog, the story goes, Joseph Peavey made a drawing of his tool and set out on foot for Bangor and the post office meaning to send for a patent on the device.
Third dam Cant Clean Ash went through to the 1990 Oaks quarters, when put out by the eventual winner Murmurs, dam of Toffee Nose's sire Faithful Hunter.
DNA tests have linked hospital surgeon Riaz Mohammed and Mr Cant as well as another male patient who is currently recovering from the disease in hospital.
a quantificational analysis of the speed of lexical change as evident from the inclusion in cant dictionaries;
He cant work because his solicitors certificate has been suspended.
When you're done reading Calked Boots and Cant Hooks it's not hard to believe at all.
Cant once said in an interview that he was surprised so many fans remembered him as a legend in children's television.
PC Cant, whose mum died of dementia, said: "She gripped my hand and told me she was scared, she'd never been in a police car.
The home side were led by skipper Tom Cant, who hit a glorious century (104no) with seven fours and one six off 124 balls.
Berlin Bridge East Wind 26/01/14 Not Sched 600 Cant.