Land Bank

A land bank is a bank that issues long-term loans on real estate in return for mortgages. This term could also apply to:

  • The Land Bank of Taiwan, a wholly state-owned bank of the Republic of China (Taiwan)
  • The Land Bank of the Philippines, a bank in the Philippines owned by the Philippine government with a special focus on serving the needs of farmers and fishermen
  • Land banking, the buying and holding (rather than developing) of land for future development or use

Famous quotes containing the words land and/or bank:

    “Within the regions of the air,
    Compassed about with heavens fair,
    Great tracts of land there may be found
    Enriched with fields and fertile ground;
    Where many numerous hosts
    In those far distant coasts,
    For other great and glorious ends,
    Inhabit, my yet unknown friends.”
    —Thomas Traherne (1636–1674)

    “A man’s labour is not only his capital but his life. When it passes it returns never more. To utilise it, to prevent its wasteful squandering, to enable the poor man to bank it up for use hereafter, this surely is one of the most urgent tasks before civilisation.”
    —William Booth (1829–1912)