Related Terms • Credit Union • Deposit • Institution • Savings and Loan • Savings Account • Transaction    See Also • Bank • Transaction

Definition: A Pass Book is a book given to account holders of banks and savings and loans institutions in order to document all transactions.  Used predominately for a savings account.

Example: John opened a savings account at the bank.  They gave him a passbook, and every time he makes a deposit, they write the date, time, and amount deposited in the passbook.

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pass book passbook savings account transaction passbook