land-bank

A family uses a land-bank to save for their future home.

Definition

1. Noun:
   • A bank that deals primarily in real estate: A "land-bank" is a financial institution or entity that specializes in the management, sale, or mortgage of land and property, rather than traditional banking services like deposits and loans.

Usage Examples

• Noun:
  • The city established a land-bank to acquire and redevelop abandoned properties. (An institution focused on real estate.)
  • He took out a loan from a land-bank to purchase farmland. (A bank that lends money secured by land.)

Advanced Usage

• "to act as a land-bank": to function as a repository or manager of land assets.
  • The trust will act as a land-bank for conservation purposes. (The trust will hold and protect land from development.)

Variants and Related Words

• Land-banking (n): the practice of acquiring land for future development or resale.

  • Investors engaged in land-banking often hold property for decades. (The activity of buying land as a long-term investment.)

• Land-banker (n): a person or entity that operates a land-bank.

  • The land-banker purchased several acres for future commercial use. (The operator of a land-bank.)

Synonyms

• Real estate bank: a financial institution focused on property.
• Property trust: an organization that manages land holdings.

Phrasal Verbs

• Bank on (land): to rely on land as a financial asset.
  • They banked on the land-bank to secure their investment. (They depended on the land-bank for financial stability.)

Related Idioms

• "Land-bank the future": to secure future resources by acquiring land.
  • The company is land-banking the future by buying up forest reserves. (Acquiring land as a strategic investment for long-term gain.)