chartered bank

Definition

noun
a bank which has been set up by government charter, formerly used in England, but now only done in the USA and Canada

Use chartered bank in a sentence

It was a chartered bank and was set up by the government charter and I did not really like the idea of it.

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You should try and have an account at a chartered bank that will allow you to borrow more money in the future.

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The chartered bank had the full backing of the U.S. government, but not everyone was so sure that their tactics were honest and fair.

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