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This paper presents examples of special-purpose banking language items which illustrate word formation processes in present-day Russian used in the sphere of banking in order to compress meaning, i.e. univerbation as well as abbreviation. As a rule, these particular phenomena are considered one of the manifestations of the principle of linguistic economy. The orientation towards linguistic economy provides a stimulus for multiplying the number of new lexical items in banking language, which can be related to technical terms and professional slang. The productivity of word formation processes used in order to compress meaning can also be linked to the needs of adjusting written and oral communication to the world standards in the sphere of Russian banking. [ABSTRACT FROM AUTHOR]