Advanced Vocabulary - Types of Bank and People Who Work in Banks

Types of Bank and People Who Work in Banks 

bank noun

a financial institution that people or businesses can keep their money in or borrow money from. The main banks used by ordinary people are called high-street banks.

bank noun

an office of a bank.

banker noun

someone who has an important position in a bank or other financial organization.

building society noun

a financial organization in the UK in which people invest money to earn interest, and from which they can borrow money to buy a house or flat A building society is similar to a bank but all its customers have a share in owning it.

building society noun

an office of one of these organizations.

central bank noun

economics a national bank that controls a nation’s policies on money and interest rates.

clearing bank noun

British a bank that does business with other banks through a clearing house.

clearing house noun

a central office that carries out the business that major banks do with one another.

counting house noun

a place where money and accounts were kept in the past.

credit union noun

business an organization that looks after money that its members have saved and lends them money at low rates of interest.

the Federal Reserve noun

the organization that controls the US national bank.

the Federal Reserve noun

the national bank system in the US.

the Fed noun

informal the federal reserve.

governor noun

the person in charge of an institution such as a bank or prison.

investment bank noun

in the United States, a bank that buys and sells large quantities of securities documents showing that someone owns a small part of a company.

lender noun

a person or a financial institution such as a bank that lends money.

merchant bank noun

British a bank that provides financial services to companies, not people.

savings and loan association noun

American a building society.

savings bank noun

a bank that people have a savings account with.

shroff noun

someone in South Asia who works in a bank or exchanges money of one country for money of another country.

the Square Mile

the district of London where many banks, financial institutions, and other big companies have their offices. It is also called the City of London or the City.

teller noun

someone whose job is to receive and pay out money in a bank.

thrift noun

American a building society.

trustee noun

a bank or other organization that has the same responsibility..

the World Bank

economics an international organization that lends money to countries that are members of the United Nations.

merchant banker noun

the City (of London)

British an area in central London where there are many large banks and other financial institutions. This is often used to refer to the institutions themselves.

total words = 27