Definition of Bank of deposit. Meaning of Bank of deposit. Synonyms of Bank of deposit
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Definition of Bank of deposit
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 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.
2. The building or office used for banking purposes.
3. A fund from deposits or contributions, to be used in
transacting business; a joint stock or capital. [Obs.]
Let it be no bank or common stock, but every man be
master of his own money. --Bacon.
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.
5. In certain games, as dominos, a fund of pieces from which
the players are allowed to draw.
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.
