How Do You Spell BANK REPORT?

Pronunciation: [bˈaŋk ɹɪpˈɔːt] (IPA)

The spelling of the word "bank report" can be explained using IPA phonetic transcription. The first syllable, "bank," is pronounced [bæŋk], with a voiced bilabial stop [b], the vowel [æ], and the consonants [ŋk] pronounced in the back of the mouth. The second syllable, "report," is pronounced [rɪˈpɔrt], with an unvoiced alveolar trill [r], the vowel [ɪ], and the consonants [pɔrt], pronounced in the front of the mouth. Together, these two syllables form a word commonly used in the financial industry to indicate a statement of an individual or company's financial transactions.

BANK REPORT Meaning and Definition

1. A bank report refers to a comprehensive document that presents various financial details and information regarding an individual or organization's banking activities. It serves as an official record summarizing the account holder's financial transactions, balances, and other relevant data, usually prepared and issued by a bank or financial institution.

   A bank report primarily entails an account holder's comprehensive statement, including the account balance, deposits, withdrawals, and any other financial activities within a specific period. Such reports can be generated periodically, typically monthly, quarterly, or annually, providing a snapshot of the account holder's banking activity within that timeframe.

   Moreover, a bank report might encompass specific details such as interest earned, fees charged, account number, transaction clearances, and other significant data to help account holders monitor their financial standing and verify the accuracy of their banking records. These reports play a pivotal role in assessing and managing personal or business finances, aiding in budgeting, tax calculations, and auditing purposes.

   In addition to physical or paper reports provided by banks, many financial institutions offer online banking services, providing digital bank reports accessible through their online platforms or mobile applications. This shift towards digital banking has facilitated convenient access to real-time bank reports, enhancing transparency and ease of financial management for account holders.

   Overall, a bank report is a fundamental tool that offers a comprehensive representation of an individual or organization's financial activities and status, enabling them to effectively track and manage their banking transactions.

Common Misspellings for BANK REPORT

• vank report
• nank report
• hank report
• gank report
• bznk report
• bsnk report
• bwnk report
• bqnk report
• babk report
• bamk report
• bajk report
• bahk report
• banj report
• banm report
• banl report
• bano report
• bani report
• bank eeport
• bank deport
• bank feport

Etymology of BANK REPORT

The word "bank report" is a combination of two separate words, each with its own etymology:

1. Bank:

The word "bank" originally comes from the Italian word "banca", which means "bench" or "counter". In medieval Italy, moneylenders and money changers conducted their business activities on benches or counters in open marketplaces. Over time, these benches became associated with financial transactions and money-related activities, giving rise to the term "bank". The word was later adopted by various other languages.

2. Report:

The word "report" traces its roots to the Latin word "reportare", which means "to carry back" or "to bring back". In ancient times, information or news would be carried or brought back to others, typically in written or oral form. Over time, "report" came to denote the act of conveying information or presenting an account of something.

Plural form of BANK REPORT is BANK REPORTS