passbookˈpæsˌbʊk, ˈpɑs-
passbook (n)
- plural
- passbooks
passbook
English Definitions:
bankbook, passbook (noun)
a record of deposits and withdrawals and interest held by depositors at certain banks
passbook (Noun)
A customer's record of deposits and withdrawals from a savings account at a bank, typically recorded in a small booklet. The bank keeps its own record, which is final in any dispute.
Passbook
A passbook or bankbook is a paper book used to record bank transactions on a deposit account. Depending on the country or the financial institution, it can be of the dimensions of a chequebook or a passport. Traditionally, a passbook is used for accounts with a low transaction volume, such as a savings account. A bank teller or postmaster would write, by hand, the date and amount of the transaction, the updated balance, and enter his or her initials. In the late 20th century, small dot matrix or inkjet printers were introduced capable of updating the passbook at the account holder's convenience, either at an automated teller machine or a passbook printer, either in a self-serve mode, by post, or in a branch.
Passbook
A passbook or bankbook is a paper book used to record bank or building society transactions on a deposit account. Traditionally, a passbook was used for accounts with a low transaction volume, such as savings accounts. A bank teller or postmaster would write the date, amount of the transaction and the updated balance and enter his or her initials by hand. In the late 20th century, small dot matrix or inkjet printers were introduced that were capable of updating the passbook at the account holder's convenience, either at an automated teller machine or a passbook printer, either in a self-serve mode, by post, or in a branch.
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"passbook." Kamus.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.kamus.net/english/passbook>.
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