dual banking

 Regulatory system in the United States whereby some banks, called national banks, are chartered and regulated by federal agencies while others are regulated by state banking authorities.
 ► The rules differ, which creates incentives for new banks to do regulatory shopping.

American business jargon. 2014.

Look at other dictionaries:

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  • Dual overhead rate — Recovery is used in construction contracting as a costing equation for bidding a project, costing an existing project or allocating corporate overhead to multiple divisions of construction work. It relies on banking information and regression… …   Wikipedia

  • dual — / dju:əl/ adjective referring to two things at the same time …   Dictionary of banking and finance

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