Definition of Bank of issue. Meaning of Bank of issue. Synonyms of Bank of issue

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Definition of Bank of issue

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. 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.

Meaning of Bank of issue from wikipedia

- A bank of issue, also referred to as a note-issuing bank or issuing authority, is a financial institution that issues banknotes.: 10  The short-lived...
- and Tristan da Cunha. The Bank of England has a legal monopoly of banknote issuance in England and Wales. Six other banks (three in Scotland and three...
- The Bank of England, which is now the central bank of the United Kingdom, British Crown Dependencies and British Overseas Territories, has issued banknotes...
- extended confirmed restriction related to the Arab-Israeli conflict. The West Bank (Arabic: الضفة الغربية, romanized: aḍ-Ḍiffah al-Ġarbiyyah; Hebrew: הַגָּדָה...
- practice of issuing cards to a consumer. An issuing bank (also called an issuer) is part of the 4-party model of payments. It is the bank of the consumer...
- Bank of Issue in Poland (German: Emissionsbank in Polen, Polish: Bank Emisyjny w Polsce), also variously translated into English as the Bank of Issue...
- bank note – also called a bill (North American English) or simply a note – is a type of paper money that is made and distributed ("issued") by a bank...
- which are directly issued by political authorities, and banknotes issued by banks, namely banks of issue including central banks. In some cases, paper...
- bank of issue, it remains owned by the Government of the Republic of China. The Bank of Taiwan's creation was authorized in 1897 by the Bank Act of Taiwan...
- Kingdom. Issuing banks have been granted legal rights to issue currency, and back the notes with deposits at the Bank of England. The issuing of banknotes...