1. a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company 2. A bench or seat; the bench or tribunal occupied by the judge judges; the seat of judgement’ a court. 3. An institution, of great value in the commercial world, empowered to receive deposits of money, to make loans. and to issue its promissory notes, (designed to circulate as money, and commonly called "bank-notes" or "bank-bills" ) or to perform any one or more of these functions. 4. The term "bank" is usually restricted in its application to an incorporated body; while a private individual making it his business to conduct banking operations is denominated a "banker."

« Back to Glossary Index

Uniform Commercial Code (U.C.C.) § 1-201. General Definitions:

(4) “Bank” means a person engaged in the business of banking and includes a savings bank, savings and loan association, credit union, and trust company.

Uniform Commercial Code (U.C.C.) § 4-105. “BANK”; “DEPOSITARY BANK”; “PAYOR BANK”; “INTERMEDIARY BANK”; “COLLECTING BANK”; “PRESENTING BANK”:

(1) “Bank” means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company.

(2) “Depositary bank” means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter;

(3) “Payor bank” means a bank that is the drawee of a