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Bank is a financial institution which collects money as deposits from customers and uses the same to grant loans to other customers. It acts as a bridge between people who have surplus cash and pass it on to people who are in need of it.
It pays an interest to deposit customers and receives an interest from loan customers and makes a profit through a difference in both.
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What is the definition of bank reconciliation?
A bank reconciliation is a routine / process / method, etc, by which you reconcile the bank's balance of your account to your balance of your account as of a specific date. (Helps you make sure what think you have, is what the bank thinks you have.)
Definition of checking account?
an account at a bank against which checks can be drawn by the account depositor.
What is the definition of a bank draft?
A bank draft is basically very similar to a check that has been written by the bank rather than any one individual. This means that it is guaranteed against the funds of the bank and so will not bounce or not be paid.
What does BGC mean on a Barclays mini statement?
This means someone paid it into your bank account in a branch. What does BGC stand for? Definition of Bank giro credit
What is the definition of current account?
A bank account that you use for daily purchases and other similar transactions. Not an account to use for saving.
Legal definition of a bank loan drawdown?
what is the definition of bank "drawdown"
Definition of urban co op bank in India?
definition of co op urben bank
What is the definition of banking by 10 authors?
definition of bank
What is the definition of global bank?
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Conceptual definition of commercial bank?
what is the commercal
What is the definition of bank management?
banking managment is the bank management that way bank manager manages his banking activities.
What is the definition of the word robbers?
The definition of the word robbers is thieves. If one person robbed a bank, he or she would be called a robber. If two or more people robbed a bank, they would be called bank robbers.
What is the definition of a bank rate?
A bank rate is a set charge that a bank charges for it's different offers the bank has set for the use of their services.
What is the definition of Treasury Bill?
definition of TREASURY BILLS is... treasury bills are issued by the state bank or central bank against the loan or money taken by federal government of that state.
What is the definition of a nonbasic business?
Relating to, or being a bank or banking
Simple meaning of bank?
There are many definitions for bank. The simplest definition of bank would say that it is a noun, and a place where you can loan or take out money.
Definition of bank management?
Bank management refers to the process of managing employees at a bank. Managers are also responsible for managing the technology as well.
