land bank

American  

noun

1. a banking association that engages in the financing of transactions in real property, especially in agricultural land.

2. a parcel or parcels of land or real estate held in trust, as for future development.

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land bank British  

noun

1. a bank that issues banknotes on the security of property

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Other Word Forms

• land banking noun

Etymology

Origin of land bank

First recorded in 1690–1700

Example Sentences

For example, the Detroit demolitions for a while were managed by an institution called the Detroit Land Bank Authority.

From Salon

The goal of the Land Bank Authority was to create a single titleholder that would be able to package up and create large development, facilitate large development projects.

From Salon

And while the Land Bank Authority has been able to kind of affect some of those projects by bundling pieces of property together to make them interesting to a highly highly-capitalized developer, they have also struggled because the kind of contiguous empty land that you might anticipate might appear after a demolition is never fully empty.

From Salon

And so the Land Bank wasn’t able to fulfill a lot of its desires for big development.

From Salon

The brokerage maintains the stock’s hold rating, but raises the target price to S$0.062 from S$0.047 to reflect the underlying values of the healthcare services provider’s land bank in Johor, Malaysia.

From The Wall Street Journal