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Definition of Bank closing
1. Noun. Act of closing down a bank because of a fiscal emergency or failure.
Lexicographical Neighbors of Bank Closing
Literary usage of Bank closing
Below you will find example usage of this term as found in modern and/or classical literature:
1. The American State Reports: Containing the Cases of General Value and by Abraham Clark Freeman (1896)
"The effect of the insolvency of a bank closing its doors and stop. ping its
business is to make all its deposit accounts and certificates of deposit at once ..."
2. Annotated Consolidated Laws of the State of New York: As Amended to January by Clarence Frank Birdseye, Robert Cushing Cumming, Frank Bixby Gilbert, New York (State). (1914)
"... set for presentation of circulating notes of a bank "closing the business of
banking" will not be applied to those of a bank merely making such change. ..."
3. National Bank Cases: Containing All Decisions of Both the Federal and State by Irving Browne (1889)
"... to any bank closing its affairs by virtue of that section, as if the stockholders
had voted to go into voluntary liquidation under section 5220. ..."
4. North Carolina Reports by North Carolina Supreme Court (1908)
"The effect of the insolvency of a bank closing its doors and stopping its business
is to make all its deposit accounts and certificates of deposit at once ..."
Other Resources:
