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.

Origin of national bank

An Americanism dating back to 1780–90

Words nearby national bank

national anthem, national anthem of the united states, national assembly, national assistance, national association for the advancement of colored people, national bank, national book award, national bureau of standards, national cemetery, national charter, national church

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 System Compare state bank
a bank owned and operated by a government