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underbanked. In DICTIOUS you will not only get to know all the dictionary meanings for the word
underbanked, but we will also tell you about its etymology, its characteristics and you will know how to say
underbanked in singular and plural. Everything you need to know about the word
underbanked you have here. The definition of the word
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English
Etymology
From under- + banked.
Pronunciation
Adjective
underbanked (comparative more underbanked, superlative most underbanked)
- Having inadequate access to financial services or formal banking facilities.
- Coordinate term: unbanked
2007, Luisa Anderloni, Maria Debora Braga, Emanuele Maria Carluccio, New Frontiers in Banking Services, page 15:In some contexts, the fact that the unbanked or underbanked individuals use fringe banking services is a matter of some considerable concern since they tend to be associated with exorbitant costs and unfair conditions.
2008 March 8, Liz Galst, “Banks Springing Up to Serve the Underserved”, in New York Times:According to a 2004 report by the Federal Deposit Insurance Corporation, the “rapid growth of the underbanked Hispanic market suggests a new growth opportunity for many institutions.”