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Glite Dictionary
💱 Bank-to-bank market 🏦 Between banks
interbank

interbank

4.6
About money that banks lend to and borrow from each other
  • adjective
  • /ˈɪntərˌbæŋk/
  • Specialized
translation icon : interbancario
  • SWIFT stands for Society for Worldwide Interbank Financial Telecommunications, and you can think of it as the WhatsApp of global banking.

You don't have to worry about these interbank transfers and pit stopping there and federal clearing here and their central bank clearing.

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Examples

  • But I still notate interbank peer-to-peer person to merchant transactions.

  • So SWIFT is the Society for Worldwide Interbank Financial Telecommunication.

  • During the economic crisis, many countries experienced a decline in interbank lending activities.

  • The interbank rates significantly influence the overall economy by affecting loan interest rates.

  • Regulatory changes can impact interbank transactions, making them easier or more complicated.

Compounds

interbank loan
  • Specialized
4.6

A short loan one bank gives to another bank

Surface Forms

interbank positive

Morphology

interbank = bank (transparent) = inter + bank

The prefix 'inter-' clearly denotes 'between', making the meaning of 'interbank' as 'between banks' straightforward.

Etymology

Interbank is made of the parts inter- meaning 'between' and bank meaning 'a place that holds money'. So interbank as an adjective describes transactions or activities that happen 'between banks', like transfers or loans banks make to each other.