Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Ballentine's Law Dictionary

    A place where bankers daily settle their accounts.

  • Black's Law Dictionary: 2nd Edition

    An Institution organized by the banks of a city, where their messengers may meet dally, adjust balances of accounts, and receive and pay differences. Crane v. Bank, 173 Pa. 566, 34 Atl. 296; National Exch. Bank v. National Bank of North America, 132 Mass. 147; Philler v. Patterson, 168 Pa. 468, 32 Atl. 26, 47 Am. St. Rep. 896.