bank of issue

bank of issue
A bank authorized to issue notes intended to circulate as money. For many years, national banks were authorized and did issue notes which passed as currency. This power has since been withdrawn from national banks. The only banks of issue at the present time are the federal reserve banks.

Ballentine's law dictionary. . 1998.

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  • Bank of issue — Issue Is sue ([i^]sh [ u]), n. [OF. issue, eissue, F. issue, fr. OF. issir, eissir, to go out, L. exire; ex out of, from + ire to go, akin to Gr. ie nai, Skr. i, Goth. iddja went, used as prefect of gaggan to go. Cf. {Ambition}, {Count} a… …   The Collaborative International Dictionary of English

  • bank of issue — ˌbank of ˈissue noun banks of issue PLURALFORM [countable] BANKING a bank that officially produces bank notes and makes them available for use * * * bank of issue UK US noun [C] (plural banks of issue) ► BANKING, MONEY a bank that has the… …   Financial and business terms

  • Bank of issue — Bank Bank, n. [F. banque, It. banca, orig. bench, table, counter, of German origin, and akin to E. bench; cf. G. bank bench, OHG. banch. See {Bench}, and cf. {Banco}, {Beach}.] 1. An establishment for the custody, loan, exchange, or issue, of… …   The Collaborative International Dictionary of English

  • bank of issue — also bank of circulation Etymology: bank (IV) : a bank authorized by law to issue bank notes (as the Bank of England or the United States Federal Reserve banks) * * * a bank, as a Federal Reserve Bank, empowered by a government to issue currency …   Useful english dictionary

  • bank of issue — a bank, as a Federal Reserve Bank, empowered by a government to issue currency. [1930 35] * * * …   Universalium

  • bank of issue — noun A bank which issues its own notes payable to bearer …   Wiktionary

  • Colonial Bank of Issue — The Colonial Bank of Issue was a New Zealand state owned bank that operated between 1847 and 1856 in an early unsuccessful attempt to create a government owned issuer of bank notes in New Zealand. The bank was created by an Ordinance of the… …   Wikipedia

  • Bank of England — Bank of England …   Wikipedia

  • Issue — Is sue ([i^]sh [ u]), n. [OF. issue, eissue, F. issue, fr. OF. issir, eissir, to go out, L. exire; ex out of, from + ire to go, akin to Gr. ie nai, Skr. i, Goth. iddja went, used as prefect of gaggan to go. Cf. {Ambition}, {Count} a nobleman,… …   The Collaborative International Dictionary of English

  • Issue pea — Issue Is sue ([i^]sh [ u]), n. [OF. issue, eissue, F. issue, fr. OF. issir, eissir, to go out, L. exire; ex out of, from + ire to go, akin to Gr. ie nai, Skr. i, Goth. iddja went, used as prefect of gaggan to go. Cf. {Ambition}, {Count} a… …   The Collaborative International Dictionary of English

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