bank /'baŋk/ n: an organization for the custody, loan, or exchange of money, for the extension of credit, and for facilitating the transmission of funds
branch bank: a banking facility that is a separate but dependent part of a chartered bank; esp: a facility that performs some banking functions and is separate from a main office
bridge bank: a national bank that is chartered for a limited time to operate an insolvent bank until it is sold
central bank: a national bank that establishes monetary and fiscal policy and controls the money supply and interest rate
collecting bank: a bank other than the payor bank that is handling for collection a negotiable instrument or a promise or order to pay money
commercial bank: a bank organized chiefly to handle the everyday financial transactions of businesses (as through deposit accounts and commercial loans)
cooperative bank: an association (as a credit union) owned by and offering banking services for its members; specif: savings and loan association
depositary bank: the first bank to take a negotiable instrument or promise or order to pay money unless the instrument, promise, or order is presented for immediate payment over the counter
federal land bank: a land bank that is under federal charter and regulated by the Farm Credit Administration
Federal Re·serve bank: one of 12 central banks set up under the Federal Reserve Act to hold reserves for and extend credit to affiliated banks in their respective districts
intermediary bank: a bank other than the depositary or payor bank to which a negotiable instrument or promise or order to pay is transferred in the course of collection
land bank
1: a bank that provides financing for land development and farm mortgages esp. by issuing stock see also federal land bank in this entry
2: a trust that holds land for purposes of preservation or conservation
national bank: a bank operating under federal charter and supervision
nonbank bank: a financial organization (as a branch of an out-of-state bank) that either accepts demand deposits or makes commercial loans
payor bank: a bank that is the drawee of a draft
presenting bank: a bank other than a payor bank that presents a negotiable instrument or promise or order to pay money
sav·ings bank: a bank organized to hold depositors' funds in interest-bearing accounts and to make long-term investments (as in home mortgage loans)
state bank: a bank operating under state charter and law
bank·er /'baŋ-kər/ n
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.