narrow bank
n.—Gloss: A bank that handles only basic banking and does not get involved in complex investment programs. «Jon Molton made the point in arguing for “narrow banks”—institutions that just do basic banking. “Transparency doesn’t cut it for me,” he said. “There’s not one person in this room that could read HSBC’s accounts and understand them.” That must have made a few wince.» —“The Sketch: Four million reasons why they did not see it coming” by Simon Carr Independent (London, England, United Kingdom) Jan. 14, 2009. (source: Double-Tongued Dictionary)
Further reading
With your support, 2021 will be a pivotal year for A Way with Words. With your help, and by tightening our budget, through 2019 and 2020, we’ve managed to weather the pandemic while still increasing listenership both on the radio and by...
What’s the difference between the words insure and ensure? To ensure means to make certain. Insure means to protect someone or something from risk, and should be used exclusively in a financial sense. This is part of a complete episode...