bank (redirected from Correspondent bank)

bank

Institution that deals in money and its substitutes and provides other financial services. Banks accept deposits and make loans and derive a profit from the difference in the interest paid to lenders (depositors) and charged to borrowers, respectively. They also profit from fees charged for services. The three major classes of banks are commercial banks, investment banks, and central banks. Banking depends entirely on public confidence in the system's soundness; no bank could pay all its depositors should they simultaneously demand cash, as may happen in a panic. See also credit union; Federal Reserve System; savings and loan association; savings bank.

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bank

An arrangement of identical hardware components.

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bank¹

1. the funds held by a gaming house or a banker or dealer in some gambling games

2. in various games

a. the stock, as of money, pieces, tokens, etc., on which players may draw

b. the player holding this stock

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bank²

1. a slope, as of a hill

2. the sloping side of any hollow in the ground, esp when bordering a river

3. 

a. an elevated section, rising to near the surface, of the bed of a sea, lake, or river

b. (in combination): sandbank

4. the lateral inclination of an aircraft about its longitudinal axis during a turn

5. a bend on a road or on a railway, athletics, cycling, or other track having the outside built higher than the inside in order to reduce the effects of centrifugal force on vehicles, runners, etc., rounding it at speed and in some cases to facilitate drainage

6. the cushion of a billiard table

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bank

a. a tier of oars in a galley

b. a bench for the rowers in a galley

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bank [baŋk]

(aerospace engineering)

The lateral inward inclination of an airplane when it rounds a curve.

(civil engineering)

embankment

(electricity)

A number of similar electrical devices, such as resistors, connected together for use as a single device.

An assemblage of fixed contacts over which one or more wipers or brushes move in order to establish electrical connections in automatic switching.

(engineering)

A pipework installation in which the pipes are set parallel to each other in proximity.

(geology)

The edge of a waterway.

The rising ground bordering a body of water.

A steep slope or face, generally consisting of unconsolidated material.

(industrial engineering)

The amount of material allowed to accumulate at a point on a production line where it is not employed or worked upon, to permit reasonable fluctuations in line speed before and after the point. Also known as float.

(mining engineering)

The top of the shaft.

The surface around the mouth of a shaft.

The whole, or sometimes only one side or one end, of a working place underground.

To manipulate materials such as coal, gravel, or sand on a bank.

A terracelike bench in open-pit mining.

(oceanography)

A relatively flat-topped raised portion of the sea floor occurring at shallow depth and characteristically on the continental shelf or near an island.