What does passbook mean?
A passbook is a small book or electronic document used to record transactions, particularly in savings accounts or membership records of clubs and organizations. It serves as a personal and official record of deposits, withdrawals, and balances, helping individuals and organizations keep track of their financial activities. Passbooks are often provided by banks and financial institutions to their customers, and they can also be used by clubs and organizations to manage member accounts. The use of passbooks is a long-standing practice that has evolved with technology, now available in both physical and digital formats.
nounA small book or electronic document used to record transactions, especially in a savings account or a club or organization's membership records.
- A book or document for recording financial transactions.
- A book or document for recording membership or club activities.
"She kept her passbook up to date by recording every deposit and withdrawal."
"The bank provided her with a passbook to track her savings account."
"The club's treasurer kept a passbook to record member dues and payments."
Used for multiple books or documents.
"The bank provided passbooks for all new customers."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.
Etymology of passbook
The term 'passbook' originated from the combination of 'pass' and 'book'. The concept of a passbook dates back to the 17th century when handwritten records of transactions were kept in a book. Over time, passbooks have adapted to technological advancements, transitioning from physical books to electronic formats.
How passbook is actually used
Often used in formal or financial contexts; can be electronic or physical.