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

While Mr. Bird discusses at length a failed Massachusetts land bank’s misadventures with printing mortgage-backed currency, Mr. Albertus doesn’t even mention the assignat, issued during the French Revolution and backed by land taken from church and crown.

From The Wall Street Journal

Still, the Bansals were established developers in Gurugram, with a large land bank.

From The Wall Street Journal

Millrose Properties, a real estate investment trust, was spun off from Lennar and acts as a land bank for homebuilders.

From Barron's

The company effectively acts as a land bank for homebuilders.

From Barron's

But now, through the Genesee County Land Bank’s Clean & Green program, Ishmel and hundreds of other residents have been mowing vacant lots.

From National Geographic