time bank
Stored flexibility reserve
A time bank is a community exchange system where people trade services using time as currency—one hour of work equals one hour of credit, regardless of the service provided.
A lawyer's hour of legal advice earns the same as an hour of yard work.
Members deposit hours by helping others and withdraw them by receiving help: She used her time bank credits to get her car repaired.
- hourSixty-minute span
- volunteer hoursUnpaid work contributions
- mutual aidCooperative community support
- good neighborConsiderate person living nearby
- local currencyNation's official tender
barter system · social capital · neighbor · helping hand · exchange · collaboration · cooperative · unpaid labor · grassroots initiatives · co-production · pro bono work · ledger · community engagement · trust-building · sharing · giving · pay it forward · give back
- pokerblinds, all-in, all in, call, seven-card stud
- communityneighbors, neighborliness, neighborhoods, kinship, community centers
- community effortscommunity garden, neighborhood watch, block party, volunteer work, volunteering
- Exchangeexchange, barter, swap, trade-in, trade-off
- time offvacation, holiday, weekend, break, rest
- alternative currencylocal currency, scrip, cryptocurrency, crypto, digital currency
time bankcash economy
Commerce using physical currency
money · monetary system · fiat currency · wage labor · commercial transaction
time bankfree market
Commerce without state intervention
market economy · capitalism · commodity market · profit motive · wage labor
time, bank, banker, banking, timely, banks, temporal, banked, bankers