Negotiable paper which a bank will receive as cash. See Ann. Cas. 1913C, 1255.
Definition of Bankable
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Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
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Ballentine's Law Dictionary -
Black's Law Dictionary: 2nd EditionIn mercantile law. Notes, checks, bank-bills, drafts, and other securities for money, received as cash by the banks. Such commercial paper as is considered worthy of discount by the bank to which it is offered is termed "bankable." Allis Co. v. Power Co., 9 S. D. 459, 70 N. W. 650.