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. [1913 Webster]

2. The building or office used for banking purposes. [1913 Webster]

3. A fund to be used in transacting business, especially a joint stock or capital. [1913 Webster]

Let it be no bank or common stock, but every man be master of his own money. --Bacon. [1913 Webster]

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. [1913 Webster]

5. In certain games, as dominos, a fund of pieces from which the players are allowed to draw; in Monopoly, the fund of money used to pay bonuses due to the players, or to which they pay fines. [1913 Webster +PJC]

6. a place where something is stored and held available for future use; specifically, an organization that stores biological products for medical needs; as, a blood bank, an organ bank, a sperm bank. [PJC]

{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. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Bank of deposit — Deposit De*pos it, n. [L. depositum, fr. depositus, p. p. of deponere: cf. F. d[ e]p[^o]t, OF. depost. See {Deposit}, v. t., and cf. {Depot}.] 1. That which is deposited, or laid or thrown down; as, a deposit in a flue; especially, matter… …   The Collaborative International Dictionary of English

  • bank of deposit — Etymology: bank (IV) : a bank that receives money for safekeeping …   Useful english dictionary

  • bank — / baŋk/ n: an organization for the custody, loan, or exchange of money, for the extension of credit, and for facilitating the transmission of funds branch bank: a banking facility that is a separate but dependent part of a chartered bank; esp: a… …   Law dictionary

  • Deposit — De*pos it, n. [L. depositum, fr. depositus, p. p. of deponere: cf. F. d[ e]p[^o]t, OF. depost. See {Deposit}, v. t., and cf. {Depot}.] 1. That which is deposited, or laid or thrown down; as, a deposit in a flue; especially, matter precipitated… …   The Collaborative International Dictionary of English

  • Bank secrecy — (or bank privacy) is a legal principle under which banks are allowed to protect personal information about their customers, through the use of numbered bank accounts or otherwise. Effective bank secrecy is better achieved in certain countries,… …   Wikipedia

  • 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,… …   The Collaborative International Dictionary of English

  • Bank credit — 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… …   The Collaborative International Dictionary of English

  • 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… …   The Collaborative International Dictionary of English

  • bank — bank1 /bangk/, n. 1. a long pile or heap; mass: a bank of earth; a bank of clouds. 2. a slope or acclivity. 3. Physical Geog. the slope immediately bordering a stream course along which the water normally runs. 4. a broad elevation of the sea… …   Universalium

  • Deposit account — Deposits redirects here. For other uses, see Deposit (disambiguation). Banking A series on …   Wikipedia