bankbook
Definition
Noun: A small book issued by a bank to a customer that serves as an official record of the transactions (deposits, withdrawals, and interest earned) in a savings account.
Usage
The bankbook is a physical record book. The customer presents it to a bank teller during a transaction, and the teller updates the book by hand or with a stamp to reflect the new account balance.
Examples
- The teller stamped the new balance in my bankbook after I made a deposit.
- I need to find my bankbook to check how much interest my savings earned last year.
- In the past, people relied on their bankbook as the primary record of their savings.
Advanced Usage
- While still used in some regions and by some banks, the physical bankbook has largely been replaced by digital statements and online banking.
- The term can be used metaphorically to refer to a record of accumulated value or trust:
Variants and Related Words
- Passbook: This is a direct synonym for bankbook. The terms are often used interchangeably.
- Savings book: Another common synonym, emphasizing its association with savings accounts.
Synonyms
- Passbook
- Savings book
- Account book (in this specific banking context)
Antonyms
- Digital statement
- Online transaction history
- Electronic record
Noun
-
a record of deposits and withdrawals and interest held by depositors at certain banks
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