bank paper


bank paper
noun
Etymology: bank (IV)
1.
a. : circulating bank notes
b. : bankable commercial paper (as drafts or bills accepted by a bank or notes good enough to be discounted at a bank)
2. : a thin strong paper similar to but lighter than bond paper and commonly used for business letterheads

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1. drafts, bills, and acceptances payable by banks.
2. commercial paper that may be discounted in a bank.
[1780-90]

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bank paper noun
A thin strong paper similar to but lighter than bond paper
• • •
Main Entry:bank

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bank paper,
1. any commercial paper acceptable by a bank for discount.
2. any commercial paper endorsed as payable by a bank.
3. the total, or a part of the total, of bank notes in circulation.

Useful english dictionary. 2012.

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