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.
Origin
Early 17th century; earliest use found in John Healey (c1585–c1616), translator.
Definition of bank money in US English:
bank money
noun
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.
Origin
Early 17th century; earliest use found in John Healey (c1585–c1616), translator.