History of the Rise, Progress, and Present State of Banking in All Parts of the World

March 22, 2010

BANK, Bankers, Banking. The term bank has two distinct significations; one in reference to commerce, implying a place of deposit or store-house ; the other relating to geography and rural economy, implying an elevation of the earth, either natural or artificial; and either below or above the surface of the water, in rivers as well as in the ocean. It is further a technical term in law; the judges of the supreme court of law, when silting in judgment collectively, are said to sit in bank, banque, or banco. See JURISPRUDENCE. It is also a military term, denoting an elevation of earth within the parapet of a fortification, generally between two and three feet high, or more, according to the height of the parapet; being about four feet and a half lower than the top of the parapet, three feet broad, ascended at intervals by steps, by which the garrison get up to fire on, or observe the proceedings of, the besiegers.

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