The International Standard Bible Encyclopedia, Revised
Bank; Banking
Bank; Banking Banking is the business of receiving, disbursing, exchanging, safeguarding, and lending money. Institutional banking in the modern sense did not begin until the founding of the Banco di Rialto in Venice, Italy, in 1587, and similar institutions in Amsterdam in 1609 and Hamburg in 1619.
The Wycliffe Bible Encyclopedia
BANK. The ancient world did not have banks in the modern sense of the institution. The word translated “bank” in the NT is the common word “table.” It is used to refer to the ordinary dining table, and also for the tables of the money changers (Lk 19:23). These exchangers would take deposits of money
The New Bible Dictionary, Third Edition
Bank, Banker
BANK, BANKER. There was no bank in Israel in the sense of an establishment for the custody of private money or the granting of commercial credit. For safe keeping a private person would either bury his valuables (Jos. 7:21) or deposit them with a neighbour (Ex. 22:7). Commerce remained largely a royal
Eerdmans Bible Dictionary
Bank. A term occurring in the parable of the pounds (Matt. 25:27, Gk. trapezítēs; KJV “exchangers”; Luke 19:23, Gk. trápeza “table”). As part of the business of receiving, disbursing, and safeguarding money, some bankers in the ancient Near East loaned funds at interest and exchanged money.
The New Unger’s Bible Dictionary
BANK. In Scripture the term bank does not designate a financial institution for the custody of money but rather a “table” or “counter” (Gk. trapeza) at which a money changer stood or sat, exchanging coins (Matt. 21:12; Mark 11:15; John 2:15). In Luke 19:23, however, the word apparently approximates “bank”
Harper’s Bible Dictionary
Bankbank, a repository for funds. Temple treasuries served such a purpose. Requirements of trade led to money changing and moneylending. Though the Torah forbade loaning money at interest to a fellow Israelite (Exod. 22:25; Lev. 25:37), such activity was common (Luke 19:11–27; Josephus Antiquities
Compton’s Encyclopedia
bank and banking
bank and bankingBanks are institutions that deal in money and its substitutes. They accept deposits, make loans, and derive a profit from the difference in the interest paid to lenders (depositors) and charged to borrowers, respectively. From these deposits the bank makes loans to individuals, businesses,
central bank
central bankWhere can a bank go to get a loan? Where does the government deposit its money? Who decides how much money should be in circulation? To whom may a government apply for a loan? The answer to these questions is: the central bank. A central bank is an institution, such as the Bank of England
The Westminster Bible Dictionary
Bank, the rendering in our Authorized Version of two Hebrew words and one Greek word.1. A Hebrew word which means the shore of a river or sea (Gen. 41:17).2. A Hebrew word which designates the mound raised against a besieged city (2 Sam. 20:15; 2 Kings 19:32; Isa. 37:33).3. A Greek word which, having
Dictionary of Daily Life in Biblical & Post-Biblical Antiquity, Volumes I–IV
Banks & LoansThe term “bank” derives from the bench (Middle High German banc, Anglo-Saxon benc) of the money-changers. Banks, in the modern sense, did not exist in the biblical world, although many of the functions of banking did, such as money changing, and loans on interest. While money-changing was