Bank

A bank is a financial institution that creates credit by lending money to a borrower, thereby creating a corresponding deposit on the bank's balance sheet. Lending activities can be performed either directly or indirectly through capital markets. Due to their importance in the financial system and influence on national economies, banks are highly regulated in most countries. Most nations have institutionalized a system known as fractional reserve banking under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, known as the Basel Accords.

Banking in its modern sense evolved in the 14th century in the rich cities of Renaissance Italy but in many ways was a continuation of ideas and concepts of credit and lending that had their roots in the ancient world. In the history of banking, a number of banking dynasties — notably, the Medicis, the Fuggers, the Welsers, the Berenbergs and the Rothschilds — have played a central role over many centuries. The oldest existing retail bank is Monte dei Paschi di Siena, while the oldest existing merchant bank is Berenberg Bank.

Noun

A noun (from Latin nōmen, literally meaning "name") is a word that functions as the name of some specific thing or set of things, such as living creatures, objects, places, actions, qualities, states of existence, or ideas.Linguistically, a noun is a member of a large, open part of speech whose members can occur as the main word in the subject of a clause, the object of a verb, or the object of a preposition.

Lexical categories (parts of speech) are defined in terms of the ways in which their members combine with other kinds of expressions. The syntactic rules for nouns differ from language to language. In English, nouns are those words which can occur with articles and attributive adjectives and can function as the head of a noun phrase.

History

Word classes (parts of speech) were described by Sanskrit grammarians from at least the 5th century BC. In Yāska's Nirukta, the noun (nāma) is one of the four main categories of words defined.

The Ancient Greek equivalent was ónoma (ὄνομα), referred to by Plato in the Cratylus dialog, and later listed as one of the eight parts of speech in The Art of Grammar, attributed to Dionysius Thrax (2nd century BC). The term used in Latin grammar was nōmen. All of these terms for "noun" were also words meaning "name". The English word noun is derived from the Latin term, through the Anglo-Norman noun.

Harlan Kredit

Harlan Kredit (born 1939) is a multiple award-winning Dutch-American high school teacher from Lynden, Washington. He was the first Washingtonian teacher ever to be inducted into the National Teachers Hall of Fame. He has spent the majority of his career at Lynden Christian High School. Kredit is also a ranger at Yellowstone Park in Wyoming during the summer and a prolific photographer for the National Park Service.

Kredit has gained renown for his "investigative" approach to teaching secondary biology and emphasis on leadership, and for his efforts in fish and wildlife conservation, particularly along Whatcom County's Fishtrap Creek (which eventually dispenses into Puget Sound). His students know him for his familiar exclamation of "It's a great day to be alive!"

History and work

Harlan Kredit was born and raised in Lynden, Washington, alongside Fishtrap Creek, which contained "huge numbers of salmon each fall."

Kredit graduated from Calvin College in 1961 and taught high school science education in Hudsonville, Michigan from 1962 to 1972. In 1967 he gained a master's degree in Science Teaching from the College of William and Mary.

Credit card

A credit card is a payment card issued to users (cardholders) as a method of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. The issuer of the card (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.

A credit card is different from a charge card, where it requires the balance to be repaid in full each month. In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card. A credit card differs from a charge card also in that a credit card typically involves a third-party entity that pays the seller and is reimbursed by the buyer, whereas a charge card simply defers payment by the buyer until a later date.