land bank

noun

1. : a bank issuing its currency upon real property

2. : a bank (as the Federal Land Bank) that invests in farm mortgages and issues its own bonds to secure funds for the purpose

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—land banking.

1. a banking association that engages in the financing of transactions in real property, esp. in agricultural land.

2. a parcel or parcels of land or real estate held in trust, as for future development.

[1690-1700]

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land bank noun

1. A bank which finances real estate transactions using the land as security

2. A stock of land held by a building company for future development

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Main Entry: ↑land

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land bank,

1. a bank that grants long-term loans on real property in return for mortgages: »

As the land bank system developed, it has been able to keep pace with modern farming (Joseph G. Knapp).

2. land set aside for conservation or future development.

3. British. (formerly) a banking institution that issued notes on the security of real property.

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n.

1) a bank whose main function is to provide loans for land purchase, esp. by farmers

2) a large body of land held by a public or private organization for future development or disposal