dual banking - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A system in which both the federal and state governments charter and supervise banks.
dual banking - Investment & Finance Definition
A banking system in the United States in which banks can be chartered either by the federal government or by a state government.