| Learning / English Dictionary |
BANKING SYSTEM
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
Banks collectively
Synonyms:
banking industry; banking system
Classified under:
Nouns denoting groupings of people or objects
Hypernyms ("banking system" is a kind of...):
industry (the people or companies engaged in a particular kind of commercial enterprise)
Meronyms (members of "banking system"):
bank; banking company; banking concern; depository financial institution (a financial institution that accepts deposits and channels the money into lending activities)
Hyponyms (each of the following is a kind of "banking system"):
Farm Credit System; FCS (a cooperative nationwide system of banks and associations providing credit to farmers and related businesses; originally capitalized by the federal government but now owned by its members and borrowers)
hawala (an underground banking system based on trust whereby money can be made available internationally without actually moving it or leaving a record of the transaction)
