Baloney Dollar

Former New York Governor Al Smith (1873-1944), in an open letter to the New York State Chamber of Commerce published in the December 1933 New Outlook, stated that President Franklin D.…

Bang Point

A "bang point" is a point in time when the bond market believes that a country (such as the United States or Greece) can no longer pay its bills. A "bang point" is a sort of…

Bank Holiday

A "bank holiday" is a day when the bank is normally open (such as a weekday), but when it's closed instead. Bank holidays in the United States usually occur on federal holidays, such…

Bank of Mom and Dad

The "Bank of Mom and Dad" is a humorous expression for a parent lending (or giving) money to a child. The Bank of Mom and Dad is often a necessary place to go for a young person with no…

Bank Speak

"Bank speak" is bank lingo that bankers understand, but many customers don't. "Bank speak" has been cited in print since at least 1983. "Bank speak" was…

Bankers’ Hours

Traditionally, a bank's hours have been short, such as from 10 a.m. to 3 p.m. The hours have almost never extended to the late afternoon or early evening, or on the weekends. To work…