Banked definitions
| Word backwards | deknab |
|---|---|
| Part of speech | The word "banked" is a verb. |
| Syllabic division | banked bank-ed |
| Plural | The plural of "banked" is "banked." |
| Total letters | 6 |
| Vogais (2) | a,e |
| Consonants (4) | b,n,k,d |
When it comes to the world of finances, the term 'banked' is often used to refer to the action of depositing money into a banking institution. This process allows individuals and businesses to keep their funds in a safe and secure place, while also providing them with the ability to access their money when needed.
The Importance of Banking
Banking plays a crucial role in the economy by providing a range of financial services such as loans, mortgages, and investments. It also helps to facilitate transactions, both domestically and internationally, through services like wire transfers and electronic payments.
Benefits of Banking
One of the main benefits of banking is the ability to earn interest on deposited funds. This allows individuals to grow their wealth over time without having to take on additional risk. Additionally, banks offer a variety of account options to suit different financial needs, from basic savings accounts to specialized investment accounts.
The Process of Banking
When someone decides to 'bank' their money, they typically open an account with a bank or other financial institution. This account is then used to store funds securely, with the account holder able to withdraw or transfer money as needed. Banks also provide online and mobile banking services, making it easier for customers to manage their finances from anywhere.
Overall, the act of 'banking' serves as a fundamental aspect of modern financial management, allowing individuals and businesses to securely store and manage their funds while also providing access to a range of financial services and products.
Banked Examples
- She banked her money in a secure account.
- The airplane banked sharply to the left.
- He banked on his friend's support during tough times.
- The basketball player banked the ball off the backboard for a score.
- She banked on winning the lottery to solve her financial problems.
- The river banked gently as it flowed through the valley.
- They banked their hopes on a successful outcome of the negotiation.
- He banked on his experience to guide him through the project.
- The car banked sharply around the curve, tires screeching.
- She banked the check at the nearest branch of her bank.