What Is The Meaning Of Bank?

It is generally said that the word "BANK" has been originated in Italy.  In the middle of 12th century there was a great financial crisis in Italy due to war.  To meet the war expenses, the government of that period a forced subscribed loan on citizens of the country at the interest of 5% per annum.  Such loans were known as 'Compare', 'minto' etc.  The most common name was "Monte'.  In Germany the word 'Monte was named as 'Bank' or 'Banke'.  According to some writers, the word 'Bank' has been derived from the word bank.

It is also said that the word 'bank' has been derived from the word 'Banco' which means a banch.  The Jews money lenders in Italy used to transact their business sitting on banches at different market places.  When any of them used to fail to meet his obligations, his 'Banco' or banch or banch would be broken by the angry creditors.  The word 'Bankrupt' seems to be originated from broken Banco.  Since, the banking system has been originated from money leading business; it is rightly argued that the word 'Bank' has been originated from the word "Banco'.

Today the word bank is used as a comprehensive term for a number of institutions carrying on certain kinds of financial business.  In practice, the word 'Bank' means which borrows money from one class of people and again lends money to another class of people for interest or profit.

A bank is an organization which lend money to the borrowers for a purposeful task, and provide a facility to deposit  n withdraw money  when needed and charge for it.