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

At sight of the heap of bank paper and gold that lay in front of us between the candles, or rolled upon the floor alongside, I stood astonished.

From The Works of Robert Louis Stevenson - Swanston Edition Vol. 20 (of 25) by Stevenson, Robert Louis

A larger volume of business is settled by bank paper in a commercial center than in an agricultural community, even though the proportion of total business thus settled may not be larger.

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur

Our bank paper is in equal estimation with specie.

From The Diplomatic Correspondence of the American Revolution, Vol. VIII by Sparks, Jared

A stamp and an address will satisfy the postal authorities; ink, paper, and indubitable signature—these are requisites in bank paper.

From The Scrap Book. Volume 1, No. 2 April 1906 by Various

The banks were irresponsible, for they were without capital: they had created a credit and loaned it in the shape of bank paper to every one.

From The Memories of Fifty Years Containing Brief Biographical Notices of Distinguished Americans, and Anecdotes of Remarkable Men; Interspersed with Scenes and Incidents Occurring during a Long Life of Observation Chiefly Spent in the Southwest by Sparks, William Henry