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bank money
noun
- checks, drafts, and bank credits other than currency that are the equivalent of money.
Word History and Origins
Origin of bank money1
Example Sentences
Previous left-leaning governments fell far short of IMF targets and relied on central bank money printing to finance treasury spending, pushing the country’s IMF program — launched in 2018 and refinanced in 2022 — to a breaking point.
That roughly $300 billion in Russian Central Bank money has been sitting untapped as the war grinds on, while officials from multiple countries have debated the legality of sending the money to Ukraine.
“Long before our investigation into President Biden’s corruption, a bank money laundering investigator raised the exact concerns that we raised publicly about the Biden family business,” said committee Chairman James Comer, Kentucky Republican.
Some of the World Bank money is to go toward retraining former plant employees; this week, power utility Eskom invited bids for a plan to mitigate the effect of the plant’s closure on surrounding communities.
There, in 2018, he investigated an allegedly rigged tender process involving more than $10 million of European Investment Bank money to rebuild local schools and hospitals damaged after Russia's previous, covert, invasion of 2014.
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