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, 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 ?
So you should check your contracts because employers are not obliged to give the extra time and could choose to include bank holidays in statutory annual leave asgov.ukexplains.
So take advantage of all the bank holidays, and you can take the chance to hit Wales' tourist spots.
This is because Friday, April 19, Monday, April 22 and Monday, May 6 are all bank holidays. April 20, 21, 27 and 28 and May 4 and 5 are all weekends.
Every other August bank holiday weekend since then has seen at least a bit of rain at some point over the three days.
But on my way to work during the last Bank Holiday, I passed through whole streets of people pursuing the traditional Easter Monday activities of shopping, queuing outside Nando's, and conducting marital arguments.
The town's existing supermarkets Asda in Newtown Road and Aldi in Weddington do not have restricted bank holiday opening hours.
IT might be a bank holiday weekend but it is business as usual for most bin collections across Teesside this Easter.
BANKING AND CREDIT NEWS-September 9, 2015-Late bank holiday in UK hits retail sales