time bank
A 'time bank' is a community-driven system where time, rather than money, is used as currency to exchange services, fostering mutual aid and strengthening social bonds.
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Definition
B2Community Service
(informal)A system where people trade services using time as the currency, with each hour of service earning a time credit.
Example
- She used her time bank credits to get help with her garden in exchange for tutoring a neighbor's child.
B2Employment
(formal, Canada)A system where employers track overtime hours that employees can later use as paid time off or additional pay.
Example
- His company uses a time bank to manage overtime, allowing him to take extra days off later.
C1Online Gaming
(technical, poker)An allotment of extra time given to a player in online poker games.
Example
- She used her time bank to think through her next move in the high-stakes poker game.
Similar
Terms that have similar or relatively close meanings to "time bank":
time accounttime billmemory bankbank upbaby bankphone bankback timetime backtime trade