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national bank definition

national bank

  1. a bank or system of banks owned and operated by a government, as in some foreign countries
  2. ☆ in the U.S., a bank chartered by the federal government and, since 1913, required to be a member of the Federal Reserve System

Webster's New World College Dictionary Copyright © 2005 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.

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