Complete Definition of "banc"

English

Noun
banc

  1. 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.

References
Banc of America advises consumers that it should not be confused with being a 'bank', nor should they assume FDIC insurance. Footnote #2 1
Electronic Commerce: Economics and Strategy, Draft 1.0 by the Director of the Business Management Economics program at UCSC, Nirvikar Singh. Pg 14. Footnote #2 2
Texas Finance Code 3


French

Pronunciation
w:IPA|IPA: /bÉÌ/
w:SAMPA|SAMPA: /bA~/

Noun
banc /bÉÌ/ m (plural: bancs /bÉÌ/)

#bench (seat)
#bank (mass of material, of cloud, fog, etc)
#bank, shoal, school (of fish)


Irish

Noun
banc (plural: bancanna)

#bank, (financial institution)

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Revision and Credits for"banc"
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