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national bank

noun
1.
a bank chartered by the U.S. government and formerly authorized to issue notes that served as money.
2.
a bank owned and administered by the government, as in some European countries.
Origin of national bank
1780-1790
1780-90, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the Web for national-bank
Historical Examples
  • In the banking laws of seven States the limit on the amount of single liability is the same as under the national-bank act.

    Readings in Money and Banking Chester Arthur Phillips
  • Many of the state banking laws likewise contain the same provision as the national-bank act with reference to surplus.

    Readings in Money and Banking Chester Arthur Phillips
  • Owing to the repressive influence of the national-bank act, hastened in its effect by the 10 per cent.

    Readings in Money and Banking Chester Arthur Phillips
  • As in the case of the national-bank note, the obligation of the United States and the assets of the issuing bank secure it.

    Readings in Money and Banking Chester Arthur Phillips
British Dictionary definitions for national-bank

national bank

noun
1.
(in the US) a commercial bank incorporated under a Federal charter and legally required to be a member of the Federal Reserve System Compare state bank
2.
a bank owned and operated by a government
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Value for national

8
11
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