Definitions for BANC
This page provides all possible meanings and translations of the word BANC
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.
Origin: . Akin to benc "bank, bench"
alt. of Bank
Banq is a French spelling of the word bank, but pronounced the same way. It has been adopted by companies that are banks and also to satisfy legal restrictions on the usage of the word bank. In the United States, the commerce departments of state governments generally prohibit or restrict the use of certain words in the names of corporations unless those corporations are legitimate chartered banks. For example, words prohibited by the state of Louisiana include bank, banker, banking, savings, safe deposit, trust, trustee, and credit union. The evasive nature of the word does not necessarily indicate that an imposter is attempting to fraudulently impersonate a bank. One notable example is a company called Cachet Banq Inc., an ACH processing service that performs automated banking transactions for payroll processing. The company does not claim to offer any banking services, such as deposits or loans, and would only be able to legally include the word "bank" in its name in its home state of California with the approval of the California Department of Financial Institutions. A similar example includes a company called Wine Banq, whose name clearly suggests it has nothing to do with the banking industry.
Translations for BANC
Kernerman English Multilingual Dictionary
a long (usually wooden) seat
a park bench.
- مَقْعَدٌ خَشَبيٌّ طَويلArabic
- bancoPortuguese (BR)
- lavička, laviceCzech
- die BankGerman
- πάγκος, έδρανο, παγκάκιGreek
- tempat duduk kayuMalay
- benk, krakk (the Bench: retten, dommerstanden)Norwegian
- اوږده چوکۍPashto
- lavica, lavičkaSlovak
- bank, sıra, kanepeTurkish
- 長凳Chinese (Trad.)
- ، پیٹھنے کی جگہUrdu
- ghế dàiVietnamese
- 长凳Chinese (Simp.)
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