eligible bank

eligible bank
eligible bank eligible bank bank1

* * *

eligible bank UK US noun [C] BANKING
in the UK, a bank that is approved by the Bank of England to accept particular bills of exchange (= documents ordering payment for goods or services), which the Bank of England has agreed to buy immediately: »

Most of the major banks that operate in the City of London are on the list of eligible banks maintained by the Bank of England.


Financial and business terms. 2012.

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