bank money

noun

: a medium of exchange consisting chiefly of checks and drafts

Examples of bank money in a Sentence

Recent Examples on the Web Everyone would be able to make payments using primary central-bank money, with no fees, no counterparty risk and instant clearing and settlement of transactions. Ruadhan O, Forbes, 8 Mar. 2023 Buying back debt extinguishes the interest payments the bank owes bondholders and saves the bank money by buying back the debt at a discount. Margot Patrick, WSJ, 7 Oct. 2022 Others say a digital dollar could complement FedNow by helping to extend financial services to unbanked households, as well as provide a source of safe central-bank money in a future digital financial ecosystem. Andrew Ackerman, WSJ, 29 Aug. 2022 And with shadow bank money still outside traditional regulatory control, the Fed has been on alert to backstop its issuers. Lev Menand, Time, 4 May 2022 Commercial bank money that serves as a medium of exchange generally earns little to no interest, so even a non-interest-bearing CBDC is a near-perfect substitute for commercial bank money. Norbert Michel, Forbes, 12 Apr. 2022 This policy continues today with Treasury bill yields (and bank money-market yields) near zero percent, while the yield on the 10-year Treasury is less than the inflation rate. Mark Avallone, Forbes, 9 Mar. 2021 Japan, a pioneer with these moves, added the idea of using central-bank money to prop up the stock market, hoping to revive the animal spirits of investors. Megumi Fujikawa, WSJ, 7 Mar. 2021 Advocates argue the cryptocurrency can act as a safe haven during times of turbulence and can be a hedge against rampant central-bank money printing. Vildana Hajric, Bloomberg.com, 17 Nov. 2020

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'bank money.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

circa 1610, in the meaning defined above

Time Traveler
The first known use of bank money was circa 1610

Dictionary Entries Near bank money

Cite this Entry

“Bank money.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/bank%20money. Accessed 22 May. 2024.

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