Bank of England |
Definition
UK's central bank. Its governing body (called of Court Of Directors) is made up of a governor, two deputy governors, and 16 non-executive directors. All members of the court are appointed by the crown for renewable terms: the governor and deputy governors for five years and directors for three years. Established in the 1694 during the reign of King William and Queen Mary by William Paterson as a private company, it lent to the government and acted as its debt manager. Nationalized in 1946, it has its headquarters in London's Threadneedle Street.
email to a friend
print this definition
cite this definition
link to this page
Bank of England is in the Banking, Commerce & Finance subject.
Bank of England appears in the definitions of the following terms: discount market, central bank and tranchette
This content can be found on the following page:
http://www.businessdictionary.com/definition/Bank-of-England.html