land bank

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.

land bank

noun

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

Other Word Forms

• land banking noun

Word History and Origins

Origin of land bank¹

First recorded in 1690–1700

Example Sentences

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

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

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The company effectively acts as a land bank for homebuilders.

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

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In Flint, from 2015 to 2018, areas where vacant properties were owned and stewarded by the land bank experienced reductions in serious, violent, and firearm crime—as well as crime where youths were victims—than those not owned by the land bank.

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