单词 | bank money |
释义 | > as lemmasbank money bank money n. money, or equivalents to money such as credits, held by a bank; (also) money of account which has a value established and retained by a central bank, but which differs from the value of the equivalent currency (cf. banco n.1 and adj.1; now historical). [Compare Dutch bankgeld money held by a bank (1624), money of account of an established value (1695).] ΘΚΠ society > trade and finance > money > standards and values of currencies > [noun] > money of account money of accounta1475 bank moneya1610 banco1638 a1610 J. Healey tr. Theophrastus Characters 79 in tr. Epictetus Manuall (1636) He, that boastes upon the Exchange, that he hath store of banke mony [Gk. πολλὰ χρήματα..ἐν τῇ θαλάττῃ]. 1753 J. Hanway Hist. Acct. Brit. Trade Caspian Sea II. xlii. 279 A ducat which passes for 7 marks current, is worth but 6 bank money. 1776 A. Smith Inq. Wealth of Nations II. iii. iv. 62 What is called bank money is always of more value than the same nominal sum of common currency. 1839 G. Tucker Theory of Money & Banks iv. 160 This receipt never circulated as currency. It was merely a sort of document, to enable the owner of bank money to draw specie or bullion from the bank. 1940 V. C. Smith tr. F. Machlup Stock Market, Credit & Capital Formation 174 Bank money functions directly as money capital at the time of its creation by new bank loans and investments. 2001 B. Shull & G. A. Hanweck Bank Mergers in Deregulated Environment ii. 24 All merchant bills in Amsterdam above a minimum value (600 guilders) had to be paid in ‘bank money’. 2013 B. Duignan Banking & Finance i. 8 Any commercial bank refusing to honour the obligation to redeem its bank money is typically deemed insolvent. < as lemmas |
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