national bank

national bank definition - business

national bank

  1. A privately owned bank chartered by the U.S. Comptroller of the Currency with membership in the Federal Reserve System and the Federal Deposit Insurance Corporation.
  2. See central bank.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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