Passbook: meaning, definitions and examples
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passbook
[ ˈpæs.bʊk ]
banking record
A passbook is a booklet issued by a bank or credit union that contains a record of deposits, withdrawals, and interest earned on a savings account. It serves as a physical record for account holders to monitor their finances and transactions. Typically, a passbook is used for savings accounts, allowing customers to track their balance and see details of their banking activity over time. Although digital banking has become more prevalent, some individuals and institutions still prefer the tangible record that passbooks provide.
Synonyms
bank book, savings book
Examples of usage
- I stopped by the bank to update my passbook.
- The old man took out his passbook to check his savings balance.
- After a year, I finally found my passbook hidden in a drawer.
Translations
Translations of the word "passbook" in other languages:
🇵🇹 livro de passagens
🇮🇳 पासबुक
🇩🇪 Scheckheft
🇮🇩 buku tabungan
🇺🇦 паспорт
🇵🇱 książeczka oszczędnościowa
🇯🇵 パスブック
🇫🇷 livret de caisse
🇪🇸 libreta de ahorros
🇹🇷 hesap cüzdanı
🇰🇷 통장
🇸🇦 دفتر الحسابات
🇨🇿 spořicí knížka
🇸🇰 sporiaca knižka
🇨🇳 活期存折
🇸🇮 knjižica
🇮🇸 sparnaðarbók
🇰🇿 жинақ кітапшасы
🇬🇪 პასპორტი
🇦🇿 hesab kitabı
🇲🇽 libreta de ahorros
Etymology
The term 'passbook' dates back to the late 19th century and is derived from the combination of the word 'pass,' which refers to a record or document that allows access or verification, and 'book,' indicating a bound compilation of pages. In historical contexts, passbooks were primarily used in savings banks as a means for account holders to keep track of their deposits and withdrawals. They became a standard practice in banking, particularly for those who preferred not to engage with more abstract, intangible forms of banking. As technology advanced, the rise of computerized banking systems and online account management diminished the use of physical passbooks, but they have not entirely disappeared. Some people still value passbooks for their ability to provide detailed transaction histories and tangible evidence of funds.