A cash machine, also known as an ATM (automated teller machine), has several synonyms. One of the commonly used synonyms is a money machine, which relates to its primary function of dispensing cash. Another term used to refer to an ATM is a cashpoint, which is mostly used in British English. In some countries, particularly in Latin America and parts of Europe, an ATM is referred to as a banco 24 horas, which means a 24-hour bank. Other terms used include cash dispenser, automated banking machine, and cash kiosk. Regardless of the term used, an ATM remains a convenient and essential tool for conducting financial transactions.