bank paper

noun

Etymology: bank (IV)

1.

a. : circulating bank notes

b. : bankable commercial paper (as drafts or bills accepted by a bank or notes good enough to be discounted at a bank)

2. : a thin strong paper similar to but lighter than bond paper and commonly used for business letterheads

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1. drafts, bills, and acceptances payable by banks.

2. commercial paper that may be discounted in a bank.

[1780-90]

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bank paper noun

A thin strong paper similar to but lighter than bond paper

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Main Entry: ↑bank

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bank paper,

1. any commercial paper acceptable by a bank for discount.

2. any commercial paper endorsed as payable by a bank.

3. the total, or a part of the total, of bank notes in circulation.