banc
Definition from Wiktionary, the free dictionary
Contents |
[edit] English
[edit] Noun
banc (plural bancs)
- Marketing slang (chiefly in USA) for the non-banking arms of a financial conglomerate that has "Bank" in its common name. For instance, if the original company was known as Bank of Manhattan, then its insurance business might be known as "Banc of Manhattan Insurance". It is a term of art, a meaningless word, that is meant to suggest the safety and soundness of a bank, without any actual representation of safety or soundness so that they are free to offer risky products without running afoul of false advertising laws.
[edit] References
- Banc of America advises consumers that it should not be confused with being a 'bank', nor should they assume FDIC insurance. Footnote #2 [1]
- Electronic Commerce: Economics and Strategy, Draft 1.0 by the Director of the Business Management Economics program at UCSC, Nirvikar Singh. Pg 14. Footnote #2 [2]
- Texas Finance Code [3]
[edit] Anagrams
[edit] French
[edit] Pronunciation
[edit] Noun
banc m. (plural bancs)
[edit] Irish
[edit] Noun
banc m.
- bank (financial institution, branch of such an institution)
- bank (of a river of lake)
[edit] Declension
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Bare forms:
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Forms with the definite article:
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[edit] Mutation
| Irish mutation | |||
|---|---|---|---|
| Radical | Lenition | Eclipsis | |
| banc | bhanc | mbanc | |
| Note: Some of these forms may be hypothetical. Not every possible mutated form of every word actually occurs. |
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[edit] Derived terms
[edit] Old English
[edit] Etymology
Old English. Akin to Old English benc "bank, bench"
[edit] Noun
banc f.
- a bench
- an embankment, bank; hillock
[edit] Declension
Declension of banc (strong ō-stem)
[edit] Descendants
- English bank