Merriam-Webster Logo
SINCE 1828
Menu
×

An Encyclopædia Britannica Company

free-banking system

noun
See What's Trending Now See More Trending Words

Definition of free-banking system

: a system under which all applicants are permitted to organize banking corporations or associations and under prescribed conditions issue notes (protected by deposited securities)

There's more!

Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!
Already a subscriber? Log in.

Seen and Heard

What made you want to look up free-banking system? Please tell us where you read or heard it (including the quote, if possible).

show hide

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

petard

play

a case containing an explosive

Get Word of the Day daily email!

TRENDING NOW

  1. embolization 'the process by which a blood vessel or organ is obstructed by a material mass'

  2. oleaginous 'marked by an offensively ingratiating manner or quality'

  3. pansexual 'sexual desire or attraction...not limited to a particular gender identity or sexual orientation'

  4. symbiote 'an organism living in symbiosis'

  5. charlatan 'faker or fraud'

SEE ALL

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Words at Play

image564383649
12 Words from All Over the Map

Some words say exactly where they're from

alt-5b032d1aef0e9
'Ingenious' and 'Ingenuous': More Than a Typo

One's clever, the other's like a child

alt-5b0310daaafde
A Matter-of-Fact Look at 'Deadpan'

Surely we can be serious.

image1481409085
9 Words from the Magical Realm

When language is magic

Ask the Editors

video-ghost-words
Ghost Word

The story of an imaginary word that managed to sneak past our editors and enter the dictionary.

image1760257654
2017 Word of the Year: Behind the Scenes

How we chose 'feminism'

video-literally
Literally

How to use a word that (literally) drives some people nuts.

video-his-or-her
Is Singular 'They' a Better Choice?

The awkward case of 'his or her'

Word Games

spring-flowers
May 2018 Words of the Day Quiz

We’re already at the end of May?!

Take the quiz
image1676440788
Words Used by Nabokov Quiz

How familiar are you with Nabokov’s unfamiliar vocabulary?

Take the quiz
How Strong Is Your Vocabulary?
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

Take the quiz
SCRABBLE® Sprint
SCRABBLE® Sprint

SCRABBLE® fans, sharpen your skills!

Play the game