From ACT Wiki
Revision as of 07:15, 11 March 2023 by imported>Doug Williamson (Add link.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

1. Financial services.

A regulated institution offering certain financial services.

In the UK, the banking system includes the Bank of England (the central bank), the commercial banks, merchant banks, branches of foreign banks and National Savings & Investment.

2. UK - central bank.

When used by the Bank of England, the term 'the Bank' normally means the Bank of England.

3. Banking - deposits - other.

To deposit (cash, cheques or similar) in a bank, or to transact business with a bank.

See also