bank paper

American  

noun

1. drafts, bills, and acceptances payable by banks.

2. commercial paper that may be discounted in a bank.

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Etymology

Origin of bank paper

First recorded in 1780–90

Example Sentences

Then, acting as usual on his own responsibility, he issued a circular commonly called the "Specie Circular," requiring payments for public lands, which had formerly been made in bank paper, to be made in coin.

From Andrew Jackson by Brown, William Garrott

It is self-evident, therefore, that such certificates would be many times more stable in value than any form of bank paper yet devised.

From If Not Silver, What? by Bookwalter, John W.

So long as bank paper retains this quality it is a substitute for money.

From Monopolies and the People by Cloud, D. C.

From the 17th to the 21st of March, I had known of his being at Sunderland; the waiter had come requesting bank paper.

From The Trial of Charles Random de Berenger, Sir Thomas Cochrane, commonly called Lord Cochrane, the Hon. Andrew Cochrane Johnstone, Richard Gathorne Butt, Ralph Sandom, Alexander M'Rae, John Peter Holloway, and Henry Lyte for A Conspiracy In the Court of King's Bench, Guildhall, on Wednesday the 8th, and Thursday the 9th of June, 1814 by Gurney, William Brodie

I am persuaded that, ere long, great inconveniences will occur from the provision; and those inconveniences will be felt in a depreciation of bank paper.

From Maxims and Opinions of Field-Marshal His Grace the Duke of Wellington, Selected From His Writings and Speeches During a Public Life of More Than Half a Century by Francis, George Henry