Bank

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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 ?
More often, though, they'll start out with the bubble centered in the level and then, as the shot progresses, eventually lose focus on the bubble as the bow begins to cant to the downhill side.
It's wonderful with see them completely healthy Prof Andrew Ethan said: "I can never thank Professor Cant and the team enough for what they've done for me.
Former patient Phil Simpson (right) pictured with his mum, daughter and Professor Cant
Canfu'r adroddiad hefyd fod lefelau gordewdra difrifol yn uwch yng Nghymru na Lloegr, ble mae 2.4 y cant o blant yn y categori hwn, ac yn uwch na'r Alban ble mae'r ffigur yn 2.6 y cant.
Cant's squalid double life was unmasked after police acting on a tip off raided his home in the village and found a pervert's library of 222,000 videos and pictures including 20 films dating back seven years showing footage of women being targeted in various supermarkets.
Cant, who also fronted Play School's spin-off for older kids Play Away, shared the limelight with Julie Stevens and other presenters - and a host of toys including Humpty and Big Ted.
> Brian Cant A statement from the family said: "It is with great sadness that we, his family, have to announce that Brian Cant has died aged 83 at Denville Hall.
Percentages and frequencies were calculated for categorical variables like lip cant, gender etc.
Influences of knife clamp (Hernandez and Quirion 1993), cutting width and cutting height on chip quality (Hernandez and Lessard 1997), and cant surface quality (Hernandez et al.
Addressing the meeting to review monthly performance of Cant Division here at Qila Gujjar Singh on Saturday, he directed the officials including admin, beat and SHOs to take strict action against criminals during the crackdown.
Richard Cant, 61, who was unemployed, was discovered after police broke in to his property in Newhampton Road East, Wolverhampton, on February 19 this year, an inquest heard.