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Bankbook for Dummies

noun

pronunciation: 'bæŋk,bʊk

What does Bankbook really mean?

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Alright, so a bankbook is basically a little book that you have from the bank that shows how much money you have in your bank account. It's kind of like a little diary for your money! You can write down when you put money into your account or take money out, and the bank also writes down any interest you earn. It's like a little record of all the money stuff that happens with your account.

So, let's say you go to the bank and put $20 into your account. You'd write that in your bankbook, and the bank would also write it in their records. Then, if you took out $10 to buy something cool, you'd write that down too. And if the bank gives you some money because you've had your money in the account for a while, they'd write that down in your bankbook too.

Having a bankbook helps you keep track of your money and see how much you have in your account. It's like a little money history book that you can use to keep an eye on your savings and spending. And it's important because it helps you know if you have enough money for the things you want to buy! So, think of it like a little money diary and record keeper for your bank account. Cool, right?

Revised and Fact checked by David Wilson on 2023-11-15 20:07:23

Bankbook In a sentece

Learn how to use Bankbook inside a sentece

  • When you deposit money in a bank, the teller will update your bankbook to show the new amount of money you have in the bank.
  • If you need to check how much money you have in your bank account, you can look at your bankbook to see the balance.
  • Some people like to keep track of their spending by writing down every transaction in their bankbook.
  • If you lose your bankbook, you should contact your bank right away to report it and get a new one.
  • At the end of each month, the bank will send you a statement that shows all the activity in your bankbook for that month.

Bankbook Synonyms

Words that can be interchanged for the original word in the same context.

Bankbook Hypernyms

Words that are more generic than the original word.