Bankers' Cash Notes
Legal definition for Indian law research
Definition
Bankers' cash notes, formerly called goldsmiths' notes, because bankers were originally goldsmiths. Written promises given by bankers to their customers as acknowledgments of having received money for their use, payable to bearer on demand and considered as money, and transferable from one person to another by delivery. Now seldom if ever made, their use having been superseded by the introduction of cheques.
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