English Expression · Intermediate

time banking

The use of a time bank

Pronunciation: say time banking

Meaning

A community-based service exchange system where participants earn credits for time spent helping others.

Example

In the USA, the birthplace of time banking, services exchanged in these networks are tax exempt by ruling of the Internal revenue Service.

In the USA, the birthplace of time banking, services exchanged in these networks are tax exempt by ruling of the Internal revenue Service.

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