bank money

noun

1. checks, drafts, and bank credits other than currency that are the equivalent of money.

Word History and Origins

Origin of bank money¹

First recorded in 1900–05

Example Sentences

As the historian Calvin Schermerhorn has written, “By 1840 Louisiana, Alabama, Florida, and Mississippi had more bank money in circulation per capita than any other state or region.”

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Previous left-leaning governments fell far short of IMF targets and relied on central bank money printing to finance treasury spending, pushing the country’s IMF program — launched in 2018 and refinanced in 2022 — to a breaking point.

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That roughly $300 billion in Russian Central Bank money has been sitting untapped as the war grinds on, while officials from multiple countries have debated the legality of sending the money to Ukraine.

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“Long before our investigation into President Biden’s corruption, a bank money laundering investigator raised the exact concerns that we raised publicly about the Biden family business,” said committee Chairman James Comer, Kentucky Republican.

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Some of the World Bank money is to go toward retraining former plant employees; this week, power utility Eskom invited bids for a plan to mitigate the effect of the plant’s closure on surrounding communities.

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