Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “eligible bank”

eligible bank

noun [C]     BANKING
in the UK, a bank that is approved by the Bank of England to accept particular bills of exchange (= documents ordering payment for goods or services), which the Bank of England has agreed to buy immediately: Most of the major banks that operate in the City of London are on the list of eligible banks maintained by the Bank of England.
(Definition of eligible bank noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of eligible bank

Word of the Day


a person or group who receives money, advantages, etc. as a result of something else

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More