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Contents
bank account definition
Overview
Define the meaning of the English word bank account below. Bank account is a noun. Also define these 0 related words and terms: .
English
Etymology
Originally referring merely to the registry of transactions (deposits, withdrawals) for a fund held by a bank, the sense came to encompass the fund being held.
Noun
bank account (plural bank accounts)
- A fund, held by a bank in a contractual arrangement between the bank and the owner of the fund, a customer of the bank, into which they can deposit and from which they can withdraw money.
Derived terms
Related terms
- current account / checking account
- deposit account
- savings account
- bank statement
Translations
fund deposited by a customer for safekeeping in a bank
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References
- bank account at OneLook Dictionary Search.
- bank account in The Century Dictionary, New York, N.Y.: The Century Co., 1911.