Bank Examination for Dummies
noun
What does Bank Examination really mean?
Alright, so "bank examination" is when the government or a specialized agency goes in to take a really close look at a bank’s books and operations. It's like when your mom comes in to make sure your room is clean, but way more serious. The people doing the bank examination want to make sure the bank is being run the right way and that they're following all the rules. They want to make sure the bank isn't taking too many risks, like lending out too much money without being able to pay it back. They also want to make sure the bank is keeping all the money people have put in safe and secure. It's kind of like when a doctor gives you a really thorough check-up to make sure you're healthy, except in this case, it's the bank that's being checked up on. So, "bank examination" is like a really thorough check-up for a bank, to make sure everything's running the way it should be. Does that make sense?
Revised and Fact checked by David Williams on 2023-11-09 18:47:38
Bank Examination In a sentece
Learn how to use Bank Examination inside a sentece
- The bank examination showed that all the financial records were accurate and in order.
- As part of the bank examination, the auditors checked the security measures in place to protect customer information.
- During the bank examination, the regulators conducted interviews with bank employees to assess their knowledge of financial regulations.
- The bank examination revealed that the institution had failed to maintain the required level of capital reserves.
- Following the bank examination, the regulators issued a report highlighting areas where the bank needed to improve its compliance with banking laws and regulations.
Bank Examination Hypernyms
Words that are more generic than the original word.