/ Dictionary / Index B Banks Island: Meaning and Definition of Find definitions for: Banks' Is'land Pronunciation: [key] an island in the W Northwest Territories, in NW Canada. 24,600 sq. mi. (63,700 sq. km). Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. bankside bank statement Related Content Daily Word Quiz: secular Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language