national bank

a bank chartered by the U.S. government and formerly authorized to issue notes that served as money.
a bank owned and administered by the government, as in some European countries.

1780–90, Americanism Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To national bank
World English Dictionary
national bank
1.  Compare state bank (in the US) a commercial bank incorporated under a Federal charter and legally required to be a member of the Federal Reserve System
2.  a bank owned and operated by a government

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
Example sentences
Each currency would be pegged by the national bank to its own exchange rate.
Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature