National Bank
/ˈnæʃənəl bæŋk/
Definitions
- (n.) A financial institution chartered or licensed by a national government to engage in banking activities including deposit taking, lending, and currency issuance.
The national bank issued new currency notes as part of monetary regulation.
- (n.) In some jurisdictions, a bank operating under national laws distinct from state or provincial regulations, often subject to federal oversight.
The national bank must comply with federal banking regulations and audits.
Forms
- national bank
- national banks
Related terms
See also
Commentary
The term often distinguishes federally chartered banks from state-chartered banks; drafting should specify the jurisdiction to clarify legal rights and regulatory obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.