Role of ancestors in the development modern banking: Merchant

As the merchants were engaged with money transaction, it may be said that they had a great contribution on the development of bank. Adam Smith compared the Merchants to “Financial Company’. That time, the situations which were in favor of the development of banking system for the merchant were as follows-

1. Merchants were rich people of the society.

2. For their own sake they were honest.

Role of ancestors in the development modern banking: Goldsmith

The role of goldsmith regarding the development of modern bank was very important. Due to their business nature and character they were well-reputed person at that time. People kept their valuable goods to them because-

1. They were socially treated as honest, truthful and ethical.

2. They were financially rich.

Role of ancestors in the development modern banking

Ancestors & modern Banker are the persons who played a contribution on the development and evaluation of modern banking.
According to Prof. G. Crowther- “The present day bankers has three ancestors ‘Goldsmith’, “Merchant’, and ‘Money-lenders’.” According to the definition mentioned above the ancestors are classified as follows-

Historical evolution of banking

It is very difficult to say the historical evolution of Bank. But it is sure that the development of Bank is performed step by step. From the view of a specialist we can say- “The birth of present day banking is not sudden; it has come to its present stage through a process of development.”

State the origin and Meaning of the word ‘Bankrupt’

It is assumed that the word ‘Bankrupt’ came from the Italian word ‘Bankruptus or Bancaruptus’ or from French word ‘Bankaroute’. Banca or Banque means ‘beanch’ and rotte, Banca rotta, route means ‘ to break’. So Bankoruptus, Bancaruptus or Bancaroute means to break the bench.

Origin of the word “Bank”

It is observed that there are at least three schools of thought about its origin. These are as follows-
Some of the economists believe that the word ‘bank’ originates from the German word ‘BANC’ meaning a joint stock firm.
The second category of economists believes that the word ‘bank’ has been derived from the Italian word ‘BANCO’ which means heap or mound.
There is another group of people who traces the origin of the word ‘bank’ to the Greek word “BANQUE’ meaning a bench.

Define Bank

A bank is a financial institution that collects society’s surplus cash and gives a part of that as loan to investors for earning profit. It is an intermediary institution that makes relationship between the owner of surplus savings and the investor of deficit capital. In this process, banks earn profit by receiving interest from borrowers who want to take short term and or long-term loans and making relatively lower interest payment to the depositors for providing their funds for use by the bank. To be a bank it must be authorized by the Central Bank.

Specific Risk Factors in Women

The risk in women is mostly due to the shortness of the female urethra, sexual activity of the women called “honeymoon cystitis”, use of contraceptives like women who use diaphragms tend to develop UTIs, use of spermicidal foam or gel (Hooton, 2001), asymptomatic UTIs occur early pregnancy (Macejko and Schaeffer, 2007), both symptomatic and asymptomatic UTIs found during menopause (Raz, 2000). Whereas in young men, UTI is rare unless associated with instrumentation or congenital abnormalities (Goldman, 2001).

Agent host environment interaction

Infectious diseases are usually classified by agent on the basis of biological features (categories of metozoa, protozoa, bacteria, fungi, rickettsia, viruses) (Benenson, 1990). The agent enters the human host through portals such as the respiratory tract, gastrointestinal tract, genitourinary tract, conjunctiva, or skin and tissue. Studies in intensive care units (ICUs) have shown that Gram-negative colonization of tracheal aspirate, mouth, peri-anal skin or urine significantly increases the morbidity and mortality of ICU patients (Shekelle et al, 1999).

Social Profiles

Social profiles are a description of individuals’ social characteristics that identify them on social media sites such as Face book. Profiles describe any number of characteristics about individuals. It describes interests, expertise, professional affiliations, status, recent activity and geographic location.