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chartered bank

noun

, Canadian.
  1. a private bank operating under authorization by the federal government of Canada.


chartered bank

noun

  1. a privately owned bank that has been incorporated by Parliament to operate in the commercial banking system
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Example Sentences

The notion was simply that of a chartered bank established upon a novel basis and financing upon an original principle.

The nation has found a paper of its own quite as effective as that which is doled out by the chartered bank.

Each chartered bank is represented in the membership and has one vote.

A chartered bank in Canada is a bank of branches, not a bank with branches.

Since federation no chartered bank has been compelled to liquidate without paying its note-holders in full.

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