bank-policy

Vocabulary Word

Definition

'Bank-policy' refers to the set of guidelines or strategies adopted by a bank to dictate its operations and dealings with customers, investments, and other financial undertakings.

Examples in Different Contexts

Bank policies in consumer banking dictate terms of service, fees, and account management. A bank manager might inform, 'Our bank's policy on savings accounts offers competitive interest rates and minimal fees for customers.'

Practice Scenarios

Tech

Scenario:

The new regulation changes may require us to make adjustments in our app to ensure that it's compliant with the bank's policies.

Response:

I've taken a detailed look at the bank's policy. It seems we will have to adjust some security features to comply.

Academics

Scenario:

Your thesis should investigate how changes in bank policies are impacting the strategies of small businesses. It's a significant and timely issue.

Response:

I agree, studying how bank policies impact small businesses could be a valuable addition to my research.