Legal Definition and Related Resources of Bank

Meaning of Bank

An association or corporation whose business it is to receive money on deposit , cash checks or drafts, discount commercial papers, make loans and issue promissory notes payable to the bearer , called bank notes. In re Prudence Co. 10 F. Supp. 33 (D.C.N.Y.).Also, any moundlike formation or ridge; raised ground. The slope of land at the edge of the watercourse . See Scott v Willson, 3 N.H. 321.

Bank Alternative Definition

(Anglicised form of bancus, a bench). The bench of justi”ce. A session in bank is one held by more than one judge of the court to determine matters of law. Distinguished from nisi prius sittings t-o determine facts. 3 Sharswood, Bl. Comm. 28, note. Bank le roy, the king”s bench. Finch, Law, 198. In Commercial Law. A place for the deposit of money. An institution, generally incorporated, authorized to receive deposits of money, to lend money, and to issue promissory notes. usually known by the name of “bank notes,” or to perform some one or more of these functions. Banks are said to be of three kinds, viz., of deposit, of discount, and of circulation; They generally perform all these operations, but an institution performing but one is a bank. 17 Wall. (U.S.) 118; but see 52 Cal. 196. A corporation loaning its own funds on note and mortgage is not a bank. 5 Sawy. (U.S.) 32. It was the custom of the early money changers to transact their business in public places, at the doors of churches, at markets, and, among the Jews, in the temple (Mark xi. 15). They used tables or benches for their convenience in counting and assorting their coins. The table so used was called banche, and the traders themselves, “bankers,” or “benchers.” In times still more ancient, their benches were called cambii, and they themselves were called cambiators. Du Cange, “Cambii.”

Synonyms of Bank


  • bursary
  • cash box
  • coffer
  • depository
  • monetary reservoir
  • money box
  • pecuniary resource
  • promptuary
  • public treasury
  • repository
  • reserve
  • safe
  • safeaeposit vault
  • storehouse
  • strongroom
  • till
  • vault Associated Concepts: bank account
  • bank bill
  • bank certificate
  • bank check
  • bank collections
  • bank deposit
  • bank draft
  • bank examiner
  • bank money order
  • bank note
  • bank of deposit
  • bank of issue
  • bank robber
  • bank stock
  • bank transaction
  • bank withdrawal
  • bankbook
  • banker”s acceptance
  • banker”s lien
  • banking; hours
  • banking powers
  • banking privileges
  • commercial bank
  • savings bank

Related Entries of Bank in the Encyclopedia of Law Project

Browse or run a search for Bank in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Bank in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Bank in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Bank in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

You might be also interested in these legal terms:

What does Bank mean in American Law?

The definition of Bank in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

A financial institution the central economic function of which is to be the efficient marketplace where those with money to lend can be matched with those wanting to borrow it. The basic technique of all banks is to accept deposits of money (which are actually loans from the depositors to the bank-see bank deposit) and loan it out to borrowers, with the profit coming from the difference between what is paid the depositors and what is charged the borrowers. The “payment” to depositors often includes certain conveniences the bank supplies, e.g., safekeeping for their money, the power to write checks against deposited funds, etc. This last function also makes banks facilitators for the transfer of money in exchange for goods and services, i.e., the banks are linked in a system for transacting with each other and with and among their respective customers.

The borrowing, lending, and exchange facilitating activities of banks take many forms, including lending on the security of real and personal property (mortgages), the purchase of bills of exchange, promissory notes and other kinds of commercial paper, the supply of unsecured loans to businesses, etc. Some banks do many of these things; some are restricted to only a few. For further details see entries for particular kinds of banks, e.g., commercial bank, savings and loan association; savings bank.


You might be interested in these references tools:

Resource Description
Bank in the Dictionary Bank in our legal dictionaries
Browse the Legal Thesaurus Find synonyms and related words of Bank
Legal Maxims Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law
Legal Answers (Q&A) A community-driven knowledge creation process, of enduring value to a broad audience
Related topics Bank in the World Encyclopedia of Law


This definition of Bank Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..

Vocabularies (Semantic Web Information)


Resource Description
Topic Map A group of names, occurrences and associations
Topic Tree A topic display format, showing the hierarchy
Sitemap Index Sitemap Index, including Taxonomies The URI of Bank (more about URIs)

Bank in the Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims

Also: Banker, Banking. A banker is one who makes merchandise of money. 2 Bl. Com. 475. Having a place of business where deposits are received and paid out on checks and where money is loaned upon security is the substance of the business of a banker. Act of 3 March, 1865; 13 St. L. 252,472. See Merchant.

Note: This legal definition of Bank in the Dictionary of Law (English and American Jurisprudence) is from 1893.


Legal English Vocabulary: Bank in Spanish

Online translation of the English legal term bank into Spanish: banco (English to Spanish translation) . More about legal dictionary from english to spanish online.

Related to the Legal Thesaurus

Concept of “Banc, Bank, Bancus”

Traditional meaning of banc, bank, bancus in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) A bench; the full bench; the full court, as distinguished from the sitting of a single judge at nisi prius. Communis Bancus, abb. C. B.: the Common Bench, the Englsh Court of Common Pleas; see the entry on types of courts, 10. Bancus Regis, abb. B. R.: the King’s Bench; see 3 Bl Com. 41; COURT, 8. Banci narratores: sergeants at law who enjoyed the monopoly of practice in the C. B.; see 1st Book (“The Rights of Persons”), Blackstone’s Commentaries on the Laws of England 24.


Notes and References

  1. Based on A Concise Law Dictionary of Words, Phrases and Maxims, “Banc, Bank, Bancus”, Boston: Little, Brown, and Company, 1911, United States. It is also called the Stimson’s Law dictionary. This term and/or definition may be absolete.

See Also



See Also

  • Credit Union
  • Cooperative
  • Collective

Hierarchical Display of Bank

Finance > Financial institutions and credit > Financial institution
Finance > Financial institutions and credit > Banking > Law of banking
Finance > Financial institutions and credit > Banking
Finance > Monetary economics > Monetary policy > Central bank

Meaning of Bank

Overview and more information about Bank

For a more comprehensive understanding of Bank, see in the general part of the online platform.[rtbs name=”xxx-xxx”]


Translation of Bank

Thesaurus of Bank

Finance > Financial institutions and credit > Financial institution > Bank
Finance > Financial institutions and credit > Banking > Law of banking > Bank
Finance > Financial institutions and credit > Banking > Bank
Finance > Monetary economics > Monetary policy > Central bank > Bank

See also


Leave a Reply

Your email address will not be published. Required fields are marked *