passbook

noun
pass·​book | \ ˈpas-ˌbu̇k How to pronounce passbook (audio) \

Definition of passbook

: the depositor's book in which a bank records the depositor's deposits and withdrawals : bankbook

Examples of passbook in a Sentence

Recent Examples on the Web Yet, the legal limit a bank could pay on a savings account was set by the government at 5 1/4% — the passbook savings rate. Julie Jason, The Mercury News, "Julie Jason: Seven steps to learning more about retirement investing," 15 July 2019 Even so, Lake said customers shouldn’t expect interest paid on passbook savings, checking accounts or CDs to rise much. Adam Shell, USA TODAY, "3 trends bank customers learned from J.P. Morgan's earnings," 12 Oct. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'passbook.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of passbook

1828, in the meaning defined above

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The first known use of passbook was in 1828

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Cite this Entry

“Passbook.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/passbook. Accessed 26 Nov. 2020.

More from Merriam-Webster on passbook

Nglish: Translation of passbook for Spanish Speakers

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