Bank

From ACT Wiki
Revision as of 19:16, 10 August 2016 by imported>Doug Williamson (Expand and add links.)
Jump to navigationJump to search

1.

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 and branches of foreign banks and National Savings & Investment.


2.

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


3.

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


See also