passbook
/'pɑ:sbuk/
Definition
- Noun:
- A small book issued by a bank to a customer: This book records all deposits, withdrawals, and interest earned on a savings account. It serves as the customer's official transaction history and must be presented for updating during each visit to the bank.
Usage
- The passbook is a physical record of a bank account, traditionally used for savings accounts.
- It is presented to a bank teller to be updated with the latest transactions and current balance.
- While less common in the era of digital banking, the term remains in use for specific account types.
Examples
Advanced Usage
- "To update a passbook": To have a bank official record the latest account transactions in the physical book.
- I need to go to the bank to update my passbook.
- "Passbook account": A type of savings account that uses a passbook as its primary record.
- She opened a traditional passbook account for her child.
Variants and Related Words
- Bankbook (noun): A synonym for passbook.
- He kept his bankbook in a safe place.
- Savings book (noun): Another term for a passbook, emphasizing its use for savings accounts.
Synonyms
- Bankbook: An identical term for a passbook.
- Savings passbook: A more descriptive synonym.
Related Terms (Not Phrasal Verbs or Idioms)
- Deposit: Money placed into the account, recorded in the passbook.
- Withdrawal: Money taken out of the account, recorded in the passbook.
- Interest: Earnings on the account balance, recorded in the passbook.
Noun
-
a record of deposits and withdrawals and interest held by depositors at certain banks
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