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Related to sperm bank: Sperm donation, Sperm donor

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 ?
A random survey taken while researching the need for the new sperm bank showed a whopping 92 per cent of doctors do not dish out this advice.
At the moment, students are a prime source of supply for sperm banks - they are tempted by the pounds 15 fee given to donors.
Detailed information on the free Military Sperm Bank Program, the Sperm Bank Hotline phone number and downloadable forms are available at the Institute's website http://www.
Sperm bank director John Rizza said: "He's at the top of the list.
The hospital has turned to the Cryos sperm bank in Aarhus, Denmark, for help which has 200 donors who are paid pounds 25.
Southern California, came up in the 1960s with the idea of a sperm bank devoted to spreading the seed of brilliant men.
Donors at the largest and most successful sperm bank in the world, California Cryobank, are "hand printed.
During an intake exam when she finally goes to the sperm bank, Jennifer Beals discovers through a background DNA check that she is the great-great-granddaughter of Strom Thurmond.
THREE lesbian couples in the Midlands are set to give birth after buying semen online from an internet sperm bank.
The world's first lesbian sperm bank has been set up using a British web site.
Such a move would effectively take gay men out of the gene pool, claims Leland Traiman, a gay man who owns the Rainbow Flag Health Services and Sperm Bank of Alameda, California.
The new regulations also dictate that one man's sperm can be distributed to a maximum of five women, and each sperm bank must provide clear information on use to both donors and clients.