Let m be the set of all real sequences x = (xn) with norm . A linear functional L on m is said to be a Banach limit (see Banach(1), p. 32) if it has the following properties:
(i) L(x) ≥ 0, if x ≥ 0 (i.e. xn ≥ 0, for all n ∈ N)
(ii) L{e) = 1, where e = (1, 1, 1,…),
(iii) L(Sx) = L(x), where (Sx)n = xn+1.