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banking system

   Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.06 sec.
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Noun1.banking systembanking system - banks collectively
banking industry
industry - the people or companies engaged in a particular kind of commercial enterprise; "each industry has its own trade publications"
banking company, banking concern, depository financial institution, bank - a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home"
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; "terrorists make extensive use of hawala"


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He was a banker, and his object as such was to intercept and appropriate the immense saving which the banking system effects, and so, as far as possible, to leave the rest of the world working just as hard as before banking was introduced.
An Unsocial Socialist by Shaw, George Bernard View in context
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