Passbook
(noun)
- A small book with a plastic cover that is used for recording financial transactions, especially savings deposits, in a bank.
- A record of transactions in a savings account or other financial account.
Origin:
The origin of the word 'passbook' is not clear, but it is believed to come from the words 'pass' and 'book' meaning a book used to pass or record transactions.
Examples:
- He opened a savings account and was given a passbook to record all his deposits and withdrawals.
- The bank teller stamped the passbook to show that the deposit was made.
- She went to the bank to update her passbook with the latest transaction.
- The passbook showed the balance of the account.
- He used his passbook as collateral to obtain a loan.