Bank deposit insurance
the protection of bank deposits against the insolvency of banks in the u.s., up to a specified maximum per account that is revised periodically, under special insurance through the federal deposit insurance corporation.
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- Bank discount
interest on a loan, deducted in advance from the face value of the note. noun interest on a loan deducted from the princ-p-l amount when the loan is made and based on the loan’s face value
- Bank draft
a draft drawn by one bank on another. historical examples it will save a lot of trouble if you will have the bank draft made out in my name. doris force at locked gates julia k. duncan bank draft—an order drawn by one bank on another for the purpose of paying money. cyclopedia of commerce, […]
- Bank examiner
a public official appointed under u.s. state or federal laws to inspect and audit the operations and accounts of banks in the examiner’s jurisdiction. historical examples the bank examiner, gard recalled, had steadily given the second national a clean bill of health. uncle sam detective william atherton du puy by my authority as bank examiner, […]
- Bank giro
noun a british giro system operated by clearing banks to enable customers to pay sums of money to others by credit transfer
- Bank indicator
a flight instrument that measures the angle of roll about an aircraft’s horizontal axis, thereby indicating whether or not the aircraft is skidding or slipping. historical examples the turn and bank indicator also reads from zero, and deviates from zero when the plane dips. famous flyers david goodger ([email protected]) the turn and bank indicator was […]