bank money

bank money
noun Date: 1904 a medium of exchange consisting chiefly of checks and drafts

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • bank money — ➔ money * * * bank money UK US noun [U] BANKING ► money held in commercial banks: »By reducing the supply of reserves, the Fed can cause the supply of bank money to fall and market interest rates to rise …   Financial and business terms

  • bank money — noun Etymology: bank (IV) : the equivalent of money as a medium of exchange constituted by checks, drafts, or bank credits other than bank notes compare currency * * * checks, drafts, and bank credits other than currency that are the equivalent… …   Useful english dictionary

  • bank money — checks, drafts, and bank credits other than currency that are the equivalent of money. [1900 05] * * * …   Universalium

  • bank money order — An instrument issued by an authorized officer of a bank and directed to another bank, evidencing the fact that the payee may demand and receive upon indorsement and presentation to the other bank the amount stated on the face of the instrument,… …   Ballentine's law dictionary

  • Central Bank money — ( CeBM) Euroclear Clearing and Settlement glossary Settlement is described as being in central bank money if payment moves directly and irrevocably between accounts on the books of the central bank. Euroclear Clearing and Settlement glossary …   Financial and business terms

  • commercial bank money — ( CoBM) Euroclear Clearing and Settlement glossary Settlement is described as being commercial money if the payment moves between the accounts of banks ( in contrast to central bank money). Euroclear Clearing and Settlement glossary …   Financial and business terms

  • Central Bank money — (CeBM) Settlement is described as being in central bank money if payment moves directly and irrevocably between accounts on the books of the central bank …   Euroclear glossary

  • commercial bank money — (CoBM) Settlement is described as being commercial money if the payment moves between the accounts of banks (in contrast to central bank money) …   Euroclear glossary

  • cash position in Central Bank money — Balance in a central bank money account on a settlement platform operating the integrated settlement model. Also referred to as Liquidity position. Euroclear Clearing and Settlement glossary …   Financial and business terms

  • cash position in Central Bank money — Balance in a central bank money account on a settlement platform operating the integrated settlement model. Also referred to as Liquidity position …   Euroclear glossary

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