Banko definition

Banko. : means the BANKO™ software used by a Client for sending batch payment orders to the Bank;
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Banko. . That means the place where people come together for different transaction. The "Bank of Venice" was the first bank which established in Italy in 1157 AD "Bank of Barcelona "is established in Spain, Bank of Geneva established in 1609 AD. But the credit of the development of modern banks goes to "The Bank of England" which was established in 1694 AD in London.
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Banko which means bench. However, the real banking started around the 16th centuryC.E in London by Italian Gold Smiths, when they started expanding their business to include safe keeping, valuables and money. Whenever valuables and money were deposited, receipts were issued to owners. As the reputation of the Goldsmiths grew, these receipts began to change hand in place of money and valuables and hence became the forerunners of our present day banking notes.7
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Examples of Banko in a sentence

  • Seller Parent and Seller shall cause the Subject Companies and FG (with respect to the FG Transferred Assets only) to charge-off, as of January 1, 2004 and prior to the Financial Accounting Closing, each such Past Due Receivable if the obligor under such Past Due Receivable is identified as bankrupt in the Banko Database (such charged-off Past Due Receivable▇ ▇▇▇ng collectively referred to herein as the "Charged-Off Receivables").

  • Prior to the Closing, Seller Parent and Seller shall cause the Subject Companies and FG (with respect to the FG Transferred Assets only) to charge-off each such Past Due Receivable if the obligor under such Past Due Receivable is identified as bankrupt in the Banko Database (such charged-off Past Due Receivables being c▇▇▇▇▇tively referred to herein as the "Charged-Off Receivables").