Bankable — Law Dictionary

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

Bank notes, checks and other securities for money which will be received as cash by the banks in the place where the word is used.

Ballentine's Law Dictionary

James A. Ballentine · 1916

Negotiable paper which a bank will receive as cash. See Ann. Cas. 1913C, 1255.

Bouvier's Law Dictionary and Concise Encyclopedia

John Bouvier; revised by Francis Rawle · 1914

Bank notes, checks, and other securities for money received as cash by banks in the place where the word is used. In the United States, the notes issued by the national banks have taken the place of those formerly issued by banks incorporated under state laws. The circulation of these notes being secured by United States bonds deposited with the treasurer of the United States, they are received as bankable money without regard to the locality of the bank issuing them. See U. S. Rev. Stat. § 5133; Veazie Bank v. Fenno, 8 Wall. (U. S.) 533, 19 L. Ed. 482.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

In 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.