Meaning of time bank | Babel Free

Definitions

1. A system for reciprocal volunteering that uses time as the unit of currency.
2. A system in which an employer keeps track of overtime hours that can later be redeemed as either money or as time off with pay.
   Canada
3. A player's allotment of additional time in online poker games.

Equivalents

Examples

“Thanks to the Time Bank launched there in 2000, patients can now be prescribed if appropriate - not just with the usual pharmacological armoury - but with a friendly visit once a week, or a lift to the shops, or small repairs at home.”

“In British Columbia, where an employee requests it in writing, and employer may establish a time bank for the employee and credit overtime wages to the time bank instead of paying them to the employee.”

CEFR level