bank

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bank

 [bank]
a stored supply of human material or tissues for future use by other individuals, such as a blood bank, bone bank, eye bank, or skin bank.

bank

(bank),
Any facility for storage of viable preserved tissue, blood, or medical supplies for future study or use.
[Fr. banque, fr. It. banca, bench, teller's counter, fr. Germanic]

bank

A central repository for something of value, for future withdrawal or retrieval.

bank

A central repository of something of value, for future withdrawal or retrieval. See Blood bank, Brain bank, National Practitioner Data Bank, Organ Bank, Sperm bank, Tissue bank.

bank

(bangk)
Any facility for storage of viable preserved tissue, blood, or medical supplies for future study or use.
[Fr. banque, fr. It. banca, bench, teller's counter, fr. Germanic]
References in periodicals archive ?
The Court cautions, however, that a foreign defendant's mere maintenance of a correspondent bank account in the U.S.
It is advisable to approach a trusted correspondent bank with which the company has a relationship of some kind and establish (1) whether it knows the bank in question to be properly constituted, professionally managed and well respected, and (2) whether it is prepared to grant the bank unsecured (non-collateralized) credit facilities either by way of Letter of Credit confirmations or otherwise.
This is because many correspondent banks have weighed the marginal profits earned from doing business against the potential large fines and penalties due to lack of compliance as well as the reputational damage that could result and deemed it too much of a risk to continue to pursue business in these jurisdictions.
BEIRUT: Lebanon's country risk and the presence of Hezbollah prompts U.S and international correspondent banks to carefully verify most financial transactions from the country, the secretary-general of the Union of Arab Banks said Wednesday.
correspondent banks to reassess their relations with Arab banks, which are consequently re-evaluating their relationships with their customers, said Mohamad Mansour, head of the compliance and AML/CFT unit at Qatar Commercial Bank.
But the facts in the Danske Bank case - including that at least one of the correspondent banks had money-laundering concerns in 2013 that led it to cease working with Danske Bank - raise the prospect that authorities may scrutinize their roles.
Danske Bank on December 22 was charged with having violated the stipulations of Danish anti-money laundering legislation on the monitoring of transactions to and from correspondent banks and was issued a fine of 1.7 million euros.
The situation has brought about two immediate effects: more time is needed to process documentary trade instruments like LCs within the already-limited timelines set out in the Uniform Customs and Practice for Documentary Credits (UCP) rules, and a potential reluctance to work with certain counterparts, such as gaming industry companies, or with correspondent banks in certain countries, including some of those located in the Caribbean, South America or Switzerland.
22 (SUNA) the Ggovernor of the Central Bank of Sudan, Hazim Abdul Gader, met during his current visit to the United Arab Emirates with a number of correspondent banks in Sudan in order to make the most advantages of the lifting of the US economic sanctions.
But despite these stringent and robust measures, many Arab banks complain that the relations with correspondent banks in New York are still below expectations.
Receiving this award is acknowledgment for being one of the top correspondent banks and it reinforces our reputation as a market leader in operations and service quality."
The KYC Registry is a secure, global utility which nearly 4,000 correspondent banks and funds players from the Middle East region and around the world use to contribute, share and consume a comprehensive set of KYC data and documents.