Banker

comm. law. A banker is one engaged in the business of receiving other persons’ money on deposit, to be returned on demand, discounting other persons’ notes, and issuing his own for circulation; one who performs the business usually transacted by a bank. Private bankers are generally not permitted. The business of bankers is generally performed through the medium of In England a distinction is made between bank notes, (q. v.) and bankers’ notes. The latter are promissory notes, and resemble bank notes in every respect, except that they are given by persons acting as private bankers.

6 Mod. 29. 3 Chit. Com. Law, 590.