Checking if the bank and the accounting records have the same cash balance. Pending transactions are allowed for. Any difference will be remedied.

The information a bank can release about its customers. The facts shared are the years with the bank, number of loans, amount of loans, collateral type, collateral quality, and the […]

When a bank makes documentation that lets a customer take goods listed on a bill.

a federal law that assumes jurisdiction over any crimes committed against a national or federal bank.

A sudden withdrawal of depositors who no longer trust their bank or economy. Today this is done with electronic transfers.

The bank’s promise to keep financial affairs and dealings of the customer confidential . This doesn’t apply to credit information that is shared freely. Certain information mst also be made […]

When a bank releases a report with acount activity and interest earned. Penalties are also listed on this. The information is valid up to the date that the report was […]

See TELLER.

When one bank issues another bank a letter of credit as collateral on a loan to a third party .

Accommodations allowed to a person on security given to a bank, to draw money on it to a certain extent agreed upon.

A sum of money placed with a bank or banker, on deposit, by a customer, and subject to be drawn out on the lat- ter’s check. The statement or computation […]

A promissory note issued by a bank, payable to the bearer on demand, and designed to circulate as money. Townsend v. People, 4 HI. 32S; Low v. People, 2 Park. […]

A book kept by a customer of a bank, showing the state of his account with it.

See CHECK.

Shares in the capital of a bank; shares in the property of a bank.

In mercantile law . Notes, checks, bank-bills, drafts, and other securities for money, received as cash by the banks. Such commercial paper as Is considered worthy of discount by the […]

These are applied to drafts, notes and cheques and other securities of high quality that causes them to be treated by the banks that same as cash.

A private person who keeps a bank; one who is engaged in the business of banking. People v. Doty, 80 N. Y. 228; Auten v. Bank, 174 U. S. 125, […]

A charge that lets a bank have claim on assets in the banks possession. It can take and sell this property if default should occur. They give notice of this […]

A commercial instrument resembling a bank-note in every particular except that it is given by a private banker or unincorporated banking institution .

O. Eng. Bankrupt; insolvent ; indebted beyond the means of payment.

In the United Kingdom, a CLEARING system designed for check and credit clearing, retail payments, standing orders, and direct debits. See also CLEARINGHOUSE AUTOMATED PAYMENT SYSTEM (CHAPS).

An insurance policy for banks. It protects them from fraud by employees, theft, and burglary by nonemployees.

Signing a bill by the buyers bank. It states the date to be paid by. It states also that the buyer is stable and can pay.

The business of receiving money on deposit, loaning money, discounting notes, issuing notes for circulation , collecting money on notes deposited, negotiating bills, etc. Bank v. Turner, 154 Ind. 456, […]