Banks

Vocabulary List Number 394 v.0.1 (in building) with 5 entries made up of 3 chapters with 2 definitions, 1 synonym and 3 examples. Last update was made on Jan. 15, 2026.

    1. Main Definition

1. bank |n| an organization where people and businesses can invest or borrow money, change it to foreign money, etc., or a building where these services are offered. (From Cambridge Dictionary, Jan 15, 2026)
2. "I need to go to the bank at lunchtime." (From Cambridge Dictionary, Jan 15, 2026)
3. "The big banks have been accused of exploiting small firms." (From Cambridge Dictionary, Jan 15, 2026)
4. I had to take out a bank loan to start my own business. (From Cambridge Dictionary, Jan 15, 2026)

    2. Some  Elements from Banks Activities

1. bank account |n| an account with a bank created by the deposit of money or its equivalent and subject to withdrawal of money. (From Merriam Webster Dictionary, Jan 15, 2025.)
2. "Thought it wise to put his savings in a bank account." (From Merriam Webster Dictionary, Jan 15, 2025.)
3. ATM / Automatic Teller Machine |n| is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers. (From  Wikipedia, Jan 15, 2025.)
4. loan 1 |n| an instance of lending. (From The American Heritage® Dictionary of the English Language, 5th Edition. Jan 15, 2025.)
5. "A bank that makes loans to small businesses." (From The American Heritage® Dictionary of the English Language, 5th Edition. Jan 15, 2025.)
6. loan 2 |n| a sum of money that is lent, usually with an interest fee. (From The American Heritage® Dictionary of the English Language, 5th Edition. Jan 15, 2025.)
7. "Took out a loan to buy a car; repaid the loan over five years." (From The American Heritage® Dictionary of the English Language, 5th Edition. Jan 15, 2025.)
8. loan 3 |n| the agreement or contract specifying the terms and conditions of the repayment of such a sum." (From The American Heritage® Dictionary of the English Language, 5th Edition. Jan 15, 2025.)
9. loan 4 |n| the repayment obligation associated with such an agreement." (From The American Heritage® Dictionary of the English Language, 5th Edition. Jan 15, 2025.)
10. "She couldn't afford the loan after losing her job." (From The American Heritage® Dictionary of the English Language, 5th Edition. Jan 15, 2025.)
11. loan 5 |n| the right to payment associated with such an agreement. (From The American Heritage® Dictionary of the English Language, 5th Edition. Jan 15, 2025.)
12. "A bank that buys consumer loans." (From The American Heritage® Dictionary of the English Language, 5th Edition. Jan 15, 2025.)
13. mortgage |n| a loan in which the lender gives the borrower a sum of money to purchase property or real estate. The lender then holds the title of the borrower's property until the loan is paid off. (From US Bank, Jan 15, 2026.)
14. overdraft |n| an overdraft occurs when you don’t have enough money in your account to cover a transaction, but the bank pays the transaction anyway. (From Consumer Financial Protection Bureau)
15. "That means a single overdraft or paycheck delay can trigger penalties that turn a low-cost purchase into an expensive one." (From CBS News, Angelica Leicht, CB, 15 Jan. 2026.)
16. "American banks and credit unions made at least $30 billion in annual profits from overdrafts as of 2020." (From The Atlantic, Aaron Klein, 15 Jan. 2026.)
17. "Kaweah Luis one of California’s most stressed groundwater basins, sitting in the southern San Joaquin Valley where decades of heavy pumping have caused chronic overdraft." (From Sacbee.com, Chaewon Chung, 15 Dec. 2026.)
18. "Repeat debit attempts by online payday lenders have been shown to trigger overdraft fees and even account closures for many borrowers." (From Newsweek Editors, MSNBC Newsweek, 15 Jan. 2026)

     3. People

1. bank clerk |n| a person employed in a bank to deal with customers' transactions and undertake administrative duties. (From Oxford Languajes. Jan 15, 2026)
2. "The police were tipped off by a suspicious bank clerk." (From Oxford Languajes. Jan 15, 2026)
3. mortgage loan officer |n| a mortgage loan officer is an individual who will help you explore your options when it comes to choosing a . A loan officer will help you evaluate your financial situation and determine what type of mortgage is best for your needs. This professional can help you determine the appropriate price range for your budget, and find a mortgage program that helps you get the home you want without creating undue financial strain. Your home mortgage officer will serve as your primary point of contact for financial matters throughout the application and home buying process. (From US Bank, Jan 15, 2026.)

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