bank paper

American  

noun

1. drafts, bills, and acceptances payable by banks.

2. commercial paper that may be discounted in a bank.

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Etymology

Origin of bank paper

First recorded in 1780–90

Example Sentences

See Examples For:

bank paper

The world was at peace, and great prosperity was universal; money was cheap, or rather its representative, bank paper.

From The Memories of Fifty Years Containing Brief Biographical Notices of Distinguished Americans, and Anecdotes of Remarkable Men; Interspersed with Scenes and Incidents Occurring during a Long Life of Observation Chiefly Spent in the Southwest by Sparks, William Henry

We both concurred in ascribing it chiefly to the flood of bank paper now afloat, and in condemning those institutions.

From Memoir, Correspondence, And Miscellanies, From The Papers Of Thomas Jefferson, Volume 4 by Randolph, Thomas Jefferson

This tax on state bank circulation was a practical prohibition of all state bank paper, and before the time fixed for the commencement of the tax, this circulation entirely disappeared.

From Recollections of Forty Years in the House, Senate and Cabinet An Autobiography. by Sherman, John

But, in 1830, the amount of Bank of England paper in circulation is 19,900,000 l.; and, of country bank paper, 9,200,000 l.; of gold, 28,000,000 l.; and, of silver.

From Maxims and Opinions of Field-Marshal His Grace the Duke of Wellington, Selected From His Writings and Speeches During a Public Life of More Than Half a Century by Francis, George Henry

The next year they stopped all bank paper sent forth under the authority of the states by means of a prohibitive tax.

From History of the United States by Beard, Charles A. (Charles Austin)