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banking principle
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noun
the principle that bank notes are a form of credit and should be issued freely in order to maintain an elastic currency.
QUIZ
THINGAMABOB OR THINGUMMY: CAN YOU DISTINGUISH BETWEEN THE US AND UK TERMS IN THIS QUIZ?
Do you know the difference between everyday US and UK terminology? Test yourself with this quiz on words that differ across the Atlantic.
Question 1 of 7
In the UK, COTTON CANDY is more commonly known as…
Also called banking doctrine.
Compare currency principle.
Words nearby banking principle
bank holiday, bank indicator, banking, banking account, banking pin, banking principle, bankit, bank loan, bank manager, bank money, Bank Night
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
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