bank | Definition, Etymology, Synonyms & Antonyms

Bank

Bank (noun)

Definition

A bank is a financial institution that provides a range of services, such as accepting deposits, granting loans, facilitating transactions, and offering other financial products to individuals and businesses.

Etymology

The word “bank” originated from the Italian word “banco,” which means a bench or counter. The term can be traced back to the Latin word “bancus” or “banca,” which also referred to a bench or a table used by money changers or merchants for conducting business.

Synonyms

  • Financial institution
  • Money center
  • Depository
  • Financial firm
  • Credit union

Antonyms

  • Borrower
  • Debtor
  • Customer
  • Non-banking entity
  • Non-financial institution

Example

  • “Elenor deposited her savings in the bank to earn interest.”
  • “The company obtained a loan from the bank to expand its operations.”
  • “Today is a bank holiday.
  • “The bank’s online banking platform allows customers to manage their accounts conveniently.”

How do you use bank as a noun in a sentence?

  • I went to the bank to deposit a check and speak with a financial advisor.
  • The bank is located on Main Street, right next to the post office.

FAQs(Frequently Asked Questions)

What kind of noun is a bank?

The noun “bank” can function as both a common noun and a proper noun, depending on the context in which it is used.

Common noun

When used in a general sense, such as referring to any financial institution, it functions as a common noun. For example, “I went to the bank to withdraw money.”

Proper noun

When used as part of a specific institution’s name or referring to a specific bank, it functions as a proper noun. For example, “I have an account at Chase Bank” or “I work at Barclays Bank.”

Is word bank a noun?

Yes, the word “bank” is a noun. It refers to a financial institution that offers various financial services, such as deposits, loans, and transactions.

Example

“I went to the bank to cash a check.” “She opened a savings account at the bank.”

What is the proper noun of bank?

The proper noun form of “bank” would be when it is used as part of a specific bank’s name or title. Some examples of proper nouns for banks include:

  • Wells Fargo
  • JPMorgan Chase
  • Bank of America
  • Barclays
  • HSBC

Is bank a collective noun?

No, the word “bank” is not typically considered a collective noun. A collective noun refers to a singular noun that represents a group or collection of individuals or things, such as “team,” “herd,” or “flock.” While “bank” can refer to a physical location where financial transactions are conducted, it does not inherently imply a collective group.

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