banket2 (bangket)

[ a bank of earth. bank-game (bangk'gām), n. In billiards, a game in which only bank-shots count. bank-head (bangkhed), n. In coal -mining, the upper level end of an inclined plane next the engine. [Eng.] bank-holiday (bangk'hol'i-dā), n. In Great Britain, a secular day on which the law exempts the parties to negotiable paper from the obligation of presentment, payment, etc., and consequently allows banks to be closed. Its effect on such paper differs from that of Sunday in the fact that the laws establishing such holidays usually, if not always, provide that paper falling due on such day is payable on the next following secular day, while paper entitled by commercial usage to days of grace, and falling due on Sunday, is payable on Saturday. By a statute of 1871, the bank-holidays in England and Ireland are Easter Monday, Whit Monday, the first Monday in August, and the 26th of December (boxing-day); in Scotland, New Year's day, the first Monday in May, the first Monday in August, and Christmas day. See holiday.