banking principle
noun
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.
- Compare currency principle.
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
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