banking Definition and Meaning in English (banking definition)
nounBanking definition: Banking refers to the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money to finance economic activities.
Definitions of Banking
- 1noun
Banking refers to the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money to finance economic activities.
- 2noun
It also describes the services provided by a bank, such as managing accounts, processing transactions, and offering loans.
- 3noun
The act of depositing money into a bank account is also commonly referred to as banking.
Example Sentences
“Online banking has made managing finances much more convenient for customers.”
“She works in investment banking, advising companies on mergers and acquisitions.”
“Mobile banking allows users to perform transactions from their smartphones.”
Synonyms
Topics & Categories
Topic & ExploreInflected Word Forms
Phrases & Idiomatic Expressions
A specific division of banking related to creating capital for other companies, governments, and other entities.
Banking services offered to individual customers, rather than to companies or institutions.
Performing banking transactions through the internet.
Frequently Asked Questions: Banking in English
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