Banking
/ˈbæŋkɪŋ/
Definitions
2 meaningsThe industry or activity of providing financial services, including accepting deposits, making loans, and investing money.
/ˈbæŋkɪŋ/
The business of a bank.
Modern banking relies heavily on technology.
💡 Simply: The work of banks.
More Examples
Investment banking deals with large-scale financial transactions.
How It's Used
"The banking sector is facing increased regulation."
"Understanding banking principles is crucial for entrepreneurs."
To deposit money into a bank account.
/ˈbæŋkɪŋ/
To deposit money in a bank.
She decided to bank the proceeds from the sale.
💡 Simply: To put money in a bank.
How It's Used
"I'm banking my bonus this month."
Idioms & expressions
on the banking
Reliant upon financial institutions.
"The success of the project is heavily on the banking."
From "bank," ultimately from Old French "banc," meaning "bench," referring to the benches where money-lenders sat.
Historically, 'banking' referred to the literal benches where moneylenders conducted their business. The evolution to its modern financial sense occurred gradually.
Memory tip
Think of a 'bank' as a place that handles money, so 'banking' is everything involved in managing money.
Word Origin
"bench"