Bank of issue
Bank Bank, n. [F. banque, It. banca, orig. bench, table, counter, of German origin, and akin to E. bench; cf. G. bank bench, OHG. banch. See {Bench}, and cf. {Banco}, {Beach}.] 1. An establishment for the custody, loan, exchange, or issue, of money, and for facilitating the transmission of funds by drafts or bills of exchange; an institution incorporated for performing one or more of such functions, or the stockholders (or their representatives, the directors), acting in their corporate capacity. [1913 Webster]

2. The building or office used for banking purposes. [1913 Webster]

3. A fund to be used in transacting business, especially a joint stock or capital. [1913 Webster]

Let it be no bank or common stock, but every man be master of his own money. --Bacon. [1913 Webster]

4. (Gaming) The sum of money or the checks which the dealer or banker has as a fund, from which to draw his stakes and pay his losses. [1913 Webster]

5. In certain games, as dominos, a fund of pieces from which the players are allowed to draw; in Monopoly, the fund of money used to pay bonuses due to the players, or to which they pay fines. [1913 Webster +PJC]

6. a place where something is stored and held available for future use; specifically, an organization that stores biological products for medical needs; as, a blood bank, an organ bank, a sperm bank. [PJC]

{Bank credit}, a credit by which a person who has given the required security to a bank has liberty to draw to a certain extent agreed upon.

{Bank of deposit}, a bank which receives money for safe keeping.

{Bank of issue}, a bank which issues its own notes payable to bearer. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Bank of issue — Issue Is sue ([i^]sh [ u]), n. [OF. issue, eissue, F. issue, fr. OF. issir, eissir, to go out, L. exire; ex out of, from + ire to go, akin to Gr. ie nai, Skr. i, Goth. iddja went, used as prefect of gaggan to go. Cf. {Ambition}, {Count} a… …   The Collaborative International Dictionary of English

  • bank of issue — ˌbank of ˈissue noun banks of issue PLURALFORM [countable] BANKING a bank that officially produces bank notes and makes them available for use * * * bank of issue UK US noun [C] (plural banks of issue) ► BANKING, MONEY a bank that has the… …   Financial and business terms

  • bank of issue — also bank of circulation Etymology: bank (IV) : a bank authorized by law to issue bank notes (as the Bank of England or the United States Federal Reserve banks) * * * a bank, as a Federal Reserve Bank, empowered by a government to issue currency …   Useful english dictionary

  • bank of issue — A bank authorized to issue notes intended to circulate as money. For many years, national banks were authorized and did issue notes which passed as currency. This power has since been withdrawn from national banks. The only banks of issue at the… …   Ballentine's law dictionary

  • bank of issue — a bank, as a Federal Reserve Bank, empowered by a government to issue currency. [1930 35] * * * …   Universalium

  • bank of issue — noun A bank which issues its own notes payable to bearer …   Wiktionary

  • Colonial Bank of Issue — The Colonial Bank of Issue was a New Zealand state owned bank that operated between 1847 and 1856 in an early unsuccessful attempt to create a government owned issuer of bank notes in New Zealand. The bank was created by an Ordinance of the… …   Wikipedia

  • Bank of deposit — Bank Bank, n. [F. banque, It. banca, orig. bench, table, counter, of German origin, and akin to E. bench; cf. G. bank bench, OHG. banch. See {Bench}, and cf. {Banco}, {Beach}.] 1. An establishment for the custody, loan, exchange, or issue, of… …   The Collaborative International Dictionary of English

  • Bank of Slovenia — Banka Slovenije (Slovene) Headquarters Ljubljana Established 25 June 1991 President Marko Kranjec Central bank of Slovenia Website …   Wikipedia

  • bank of circulation — See bank of issue …   Ballentine's law dictionary

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