banking principle


noun
  1. the principle that bank notes are a form of credit and should be issued freely in order to maintain an elastic currency.

  • Also called banking doctrine.

Words Nearby banking principle

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use banking principle in a sentence

  • This restriction is based upon a sound banking principle, learned after much bitter experience.

    Readings in Money and Banking | Chester Arthur Phillips