underbank Definition
- 1an area of land below the level of a riverbank
- 2a bank that is smaller than its competitors in a particular market
Using underbank: Examples
Take a moment to familiarize yourself with how "underbank" can be used in various situations through the following examples!
Example
The underbank was flooded after the heavy rain.
Example
The underbank is home to a variety of wildlife.
Example
The new underbank aims to provide better services to local customers.
underbank Synonyms and Antonyms
Synonyms for underbank
- lowland
- floodplain
- smaller bank
- local bank
Phrases with underbank
underbanked population
people who do not have access to mainstream financial services and rely on alternative financial services such as payday loans, check cashing, or money orders
Example
The government has launched a program to provide financial education and services to the underbanked population.
underbanked area
an area where there is a lack of access to mainstream financial services
Example
The underbanked area has been identified as a priority for financial inclusion initiatives.
underbanked market
a market where there is a demand for financial services but the existing banks do not meet the needs of the customers
Example
The underbanked market presents an opportunity for innovative financial products and services.
Summary: underbank in Brief
The term 'underbank' [uhn-der-bangk] refers to two distinct meanings. It can describe an area of land below the level of a riverbank, as in 'The underbank was flooded after the heavy rain.' Alternatively, it can refer to a bank that is smaller than its competitors in a particular market, as in 'The new underbank aims to provide better services to local customers.' Other phrases include 'underbanked population,' 'underbanked area,' and 'underbanked market,' which all relate to a lack of access to mainstream financial services.
