Legal Term: BANK

Definition: com. law. 1. A place for the deposit of money. 2. 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.3. Banks are said to be of three kinds, viz : of deposit, of discount, and of circulation, they generally perform all these operatious. Vide Metc. & Perk. Dig. Banks and Banking.

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