English · Work & Business
banking
/ˈbæŋ.kɪŋ/
[/ˈbæŋ.kɪŋ/]
business of banks
Intermediatenoun
Definition
The business activity of banks, including keeping money safe, lending it, and managing accounts.
Example
Online banking lets customers transfer money and pay bills without ever visiting a branch.
Online banking lets customers transfer money and pay bills without ever visiting a branch.
Etymology
From 'bank' (Italian 'banca', a money-changer's table or bench) plus the suffix '-ing'.
How & Where It’s Used
Used in finance; modern forms include online and mobile banking.