national bank


noun

a bank chartered by the U.S. government and formerly authorized to issue notes that served as money.
a bank owned and administered by the government, as in some European countries.

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Origin of national bank

An Americanism dating back to 1780–90
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021

Example sentences from the Web for national bank

  • In the banking laws of seven States the limit on the amount of single liability is the same as under the national-bank act.

    Readings in Money and Banking|Chester Arthur Phillips
  • Many of the state banking laws likewise contain the same provision as the national-bank act with reference to surplus.

    Readings in Money and Banking|Chester Arthur Phillips
  • As in the case of the national-bank note, the obligation of the United States and the assets of the issuing bank secure it.

    Readings in Money and Banking|Chester Arthur Phillips
  • Owing to the repressive influence of the national-bank act, hastened in its effect by the 10 per cent.

    Readings in Money and Banking|Chester Arthur Phillips

British Dictionary definitions for national bank

national bank

noun

(in the US) a commercial bank incorporated under a Federal charter and legally required to be a member of the Federal Reserve SystemCompare state bank
a bank owned and operated by a government
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