bank

(redirected from bank holiday)
Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms, Encyclopedia, Wikipedia.

bank

n. 1) an officially chartered institution empowered to receive deposits, make loans, and provide checking and savings account services, all at a profit. In the United States banks must be organized under strict requirements by either the Federal or a state government. Banks receive funds for loans from the Federal Reserve System provided they meet safe standards of operation and have sufficient financial reserves. Bank accounts are insured up to $100,000 per account by the Federal Deposit Insurance Corporation. Most banks are so-called "commercial" banks with broad powers. In the east and midwest there are some "savings" banks which are basically mutual banks owned by the depositors, concentrate on savings accounts, and place their funds in such safe investments as government bonds. Savings and Loan Associations have been allowed to perform some banking services under so-called deregulation in 1981, but are not full-service commercial banks and lack strict regulation. Mortgage loan brokers, and thrift institutions (often industrial loan companies) are not banks and do not have insurance and governmental control. Severe losses to customers of these institutions have occurred in times of economic contraction or due to insider profiteering or outright fraud. Credit Unions are not banks, but are fairly safe since they are operated by the members of the industry, union or profession of the depositors and borrowers. 2) a group of judges sitting together as an appeals court, referred to as "in bank" or "en banc."

bank

noun bursary, cash box, coffer, depository, monntary reservoir, money box, pecuniary resource, promptuary, public treasury, repository, reserve, safe, safe-deposit vault, storehouse, strongroom, till, vault
Associated concepts: bank account, bank bill, bank certificate, bank check, bank collections, bank deposit, bank draft, bank examiner, bank money order, bank note, bank of deposit, bank of issue, bank robber, bank stock, bank transaction, bank withdrawal, bankbook, banker's acceptance, banker's lien, banking hours, banking powers, banking privileges, commercial bank, savings bank
See also: border, coffer, deposit, edge, fund, garner, hoard, keep, margin, pool, repository, reserve, shelter, store, treasury

BANK, com. law. 1. A place for the deposit of money. 2. An institution, generally incorporated, authorized to receive deposits of money, to lend money, and to issue promissory notes, usually known by the name of bank notes. 3. Banks are said to be of three kinds, viz : of deposit, of discount, and of circulation; they generally perform all these operations. Vide Metc. & Perk. Dig. Banks and Banking.

References in periodicals archive ?
I am very much on the wrong side of this divide, because newspapers now publish on Bank Holidays, thanks to Eddy Shah, the failed press magnate from Warrington, who started publishing on those days, forcing other papers to follow suit.
8 million British travellers who headed overseas for the August Bank Holiday weekend, from August 24 to 27, as reported by the Association of British Travel Agents (ABTA), a UK-based trade association.
Vion yesterday said that an agreement on the bank holiday had been reached with the union at the annual pay negotiations.
For ourselves, the enquiries have already begun again since the first day back after the latest bank holiday.
The possible move to an October bank holiday - potentially called UK Day or Trafalgar Day - follows calls from the tourism industry for a better spread of public holidays across the year.
Some bank holiday cards are dross, yet it is a day when big crowds are often attracted.
WE have all wanted an extra bank holiday for years but never got anywhere.
Commenting on the Institute for Public Policy Research's (ippr) proposal for an extra bank holiday in November, Neil Carberry, head of employment policy at the CBI, said: "The idea of celebrating national heroes is a positive one, but there is no reason this couldn't be done on an existing bank holiday.
BEFORE the introduction of the Bank Holiday Act in 1871 by Sir John Lubbock, working people were only allowed two days of holiday throughout the year, Good Friday and Christmas Day (other than Sundays, which were Holy Days).
A French bank holiday may disappear to pay for more eldercare as part of the fallout from the thousands of deaths of elderly citizens during last summer's European heat wave.
There's a double bank holiday coming up soon as the nation celebrates the Queen's 50 years on the throne.