interest in a bank
1bank — / baŋk/ n: an organization for the custody, loan, or exchange of money, for the extension of credit, and for facilitating the transmission of funds branch bank: a banking facility that is a separate but dependent part of a chartered bank; esp: a… …
2bank interest — ➔ interest * * * bank interest UK US noun [U] BANKING, FINANCE ► interest that a bank pays to its customers on money in their accounts: »You will have to pay taxes on any bank interest you receive. ► interest paid on money borrowed from a bank:… …
3bank rate — ➔ rate1 * * * bank rate UK US noun [C] BANKING, FINANCE ► the rate of interest that is set by a central bank, and which is the lowest rate at which it lends money to other banks. This rate affects the interest rates which are then charged to… …
4Bank of the United States — Bank chartered in 1791 by the U.S. Congress. It was conceived by Alexander Hamilton to pay off the country s debts from the American Revolution and to provide a stable currency. Its establishment, opposed by Thomas Jefferson, was marked by… …
5Bank of England — established in 1694, the Bank of England is the central bank of the UK. It was nationalised by the Bank of England Act 1946 and acts as competent authority for the banking sector under regulatory powers conferred by the Banking Act 1987. It now… …
6interest disbursement — UK US noun [C or U] BANKING, FINANCE ► a regular payment of interest that a bank makes on a certificate of deposit (= an investment in which customers earn interest for saving money for a fixed period): »You can elect to receive interest… …
7bank reserves — ➔ reserves * * * bank reserves UK US noun [plural] ECONOMICS, BANKING ► an amount of money equal to a percentage of their total deposits (= money put into a bank) that banks must have available for customers to take out: »US Federal Reserve… …
8bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… …
9interest — the cost of borrowing money. Glossary of Business Terms What is paid to a lender for the use of his money and includes compensation to the lender for three factors: 1) Time value of money (lender s rate) the value of today s dollar is more than… …
10Interest — The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share or title in property. The New York Times Financial… …
