land bank

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land bank

n.
A bank that issues long-term loans on real estate in return for mortgages.

land bank

n
(Banking & Finance) a bank that issues banknotes on the security of property

land′ bank`


n.
a bank that finances transactions in real property.
References in periodicals archive ?
The Land Banks were to issue shares in $5 denominations that could be purchased by the public, with the condition that the Secretary of the Treasury would subscribe any remaining balance if a Federal Land Bank did not meet the statutory minimum.
(50) Finally, on August 28, 1928, Godwin executed a mortgage in favor of the Federal Land Bank of Columbia (Mtg.
Gross Cash Rental--State and Local Real Estate Taxes/ Interest Rate For Federal Land Bank Loans
The bank's mortgage and loan affiliates, known as Federal Land Bank Associations (FLBAs), use IBM terminals or personal computers to communicate financial data with FCBT's IBM AS/400 host computer in Austin, Texas.
The major one was from the Federal Land Bank, a lending institution set up to help farmers.
Another $1.7 million in long-term loans (more than 10 years) has been approved by the Federal Land Bank. Both agencies are part of a government-sponsored farm credit association.
Local Production Credit and Federal Land Bank associations are represented on the boards of the twelve districts.
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