WHY do the words “bank” and “bankrupt” originate?

The word “bank” comes from the Italian “banca,” which means “bench.” The fact is that before the advent of banks as institutions, financial transactions were performed by individuals on special benches set up in markets and fairs.

The ruin of such a specialist was characterized by the expression “banca rotta“, that is, “broken bench“, hence the term bankrupt“.

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