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:

    “In 1862 the congregation of the church forwarded the church bell to General Beauregard to be melted into cannon, “hoping that its gentle tones, that have so often called us to the House of God, may be transmuted into war’s resounding rhyme to repel the ruthless invader from the beautiful land God, in his goodness, has given us.””
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)

    “O Gold! I still prefer thee unto paper,
    Which makes bank credit like a bark of vapour.”
    —George Gordon Noel Byron (1788–1824)