The bank account
Example: Bank account stores money and records financial transactions securely
Definition
"The bank account" refers to a financial record maintained by a banking institution that stores money and tracks all deposits, withdrawals, and transactions made by the account holder. It provides a secure and accessible way to manage personal or business finances.
Etymology
The term "the bank account" combines 'bank,' derived from the Italian word 'banca,' meaning bench or counter where moneylenders conducted business, and 'account,' originating from the Old French 'aconter,' meaning to count or reckon. Together, they describe a record of financial transactions held at a bank.
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"The bank account" appears in the Vocaplus list "English - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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