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 from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of eligible bank?
Add Cambridge dictionaries to your browser to your website

Word of the Day

long time no see

said when you meet someone who you haven't seen for a long period of time

Word of the Day

Come on – you can do it! Phrasal verbs with ‘come’.

by Liz Walter​,
November 19, 2014
As part of an occasional series on the tricky subject of phrasal verbs, this blog looks at ones formed with the verb ‘come’. If you are reading this blog, I’m sure you already know come from, as it is one of the first things you learn in class: I come from Scotland/Spain.

Read More 

silver splicer noun

November 17, 2014
informal a person who marries in later life Newly retired and now newlywed – rise of the ‘silver splicers’ Reaching pension age becomes a trigger to tie the knot as baby-boomers begin to redefine retirement

Read More