Bank Book - Law Dictionary Search Results
Home Dictionary Name: bank bookBank-book
Bank-book, a small book kept by a bank for a customer, showing the state of his account with it; otherwise termed a 'Pass-book.' A pass-book passing to and from between the bank and a customer is evidence of a stated and settled account, Cunliffe Brooks & Co. v. Blackburn Building Society, (1882) 22 Ch D 61: 9 App Cas 857....
Bank book
A book kept by a depositor in which an officer of a bank enters the debits and credits of the depositors account with the bank...
Banker's Books
Banker's Books, includes ledgers, day books, cash-books, account-books and other records used in the ordinary business of the bank, whether in written form or kept on microfilm, magnetic tape, or other forms of retrieval mechanism, State of Norway's Application, (1987) QB 433; Williams v. Summer Field, (1972) 2 QB 513.Banker's Books, includes ledgers, day books, cash-books, account-books and all other records used in the ordinary business of the bank, whether these records are kept in written form or stored in a microfilm, magnetic tape or any other form of mechanical or electronic data retrieval mechanism, either onsite or at any offsite location including back-up or disaster recovery site of both, Banker's Books Evidence Act, 1891, sec. 2(3)...
Bank and banker
Bank and banker, means (a) any company or corporation carrying on the business of banking (b) any partnership or individual to whose books the provisions of the Banker's Books Evidence Act, 1891 shall have been extended as provided, Banker's Books Evidence Act, 1891, sec. 2(2)....
Savings banks
Savings banks, institutions for the safe custody and increase of the small savings of the poor. See Chitty's Statutes, tit. 'Savings Banks.' They are: (1) Trustee; (2) Post Office; (3) Military; (4) Statutory; (5) Uncontrolled.(1) Trustee Savings Banks are regulated by a long series of Acts (the Trustee Savings Banks Acts, 1861 to 1934), which provide that they must not be described in a manner which implies that the Government is responsible to depositors, that the money received must be paid to the Bank of England or Ireland and carried to an account kept in the names of the National Debt Commissioners, and that annual accounts must be sent to the Commissioners. An 'Inspection Committee,' estab-lished under the Savings Bank Act, 1891, has extensive powers of supervision for the purpose of detecting any breaches of the Acts or rules regulating a bank. Deposits by any depositor in more than one Trustee Savings Bank is prohibited, and the Treasury have power to limit the amount from one...
Bankers' Books
Bankers' Books, 'bankers' books' include ledgers, day-books, cash -books, account-books and all other books used in the ordinary business of a bank. [Bankers' Books Evidence Act (18 of 1891), s. 2(3)]...
Bankers' Books Evidence Act
Bankers' Books Evidence Act, 1879 (English) (42 & 43 Vict. c. 11), whereby a copy of an entry in a banker's book is made prima facie evidence of the entry, upon proof that the copy has been checked by comparison with the entry.There is power under s. 7 for a magistrate to make an order in criminal proceedings before him for the prosecutor to inspect and take copies of entries in the books of a bank at which the defendant keeps an account, R. v. Kinghorn, 1908 (2) KB 949....
Short entry
Short entry. It takes place when a bill or note, not due, has been sent to a bank for collection, and an entry of it is made in the customer's bank-book, stating the amount in an inner column, and carrying it into the accounts between the parties when it has been paid. See ENTERING SHORT....
bank
bank : an organization for the custody, loan, or exchange of money, for the extension of credit, and for facilitating the transmission of funds branch bank : a banking facility that is a separate but dependent part of a chartered bank ;esp : a facility that performs some banking functions and is separate from a main office bridge bank : a national bank that is chartered for a limited time to operate an insolvent bank until it is sold central bank : a national bank that establishes monetary and fiscal policy and controls the money supply and interest rate collecting bank : a bank other than the payor bank that is handling for collection a negotiable instrument or a promise or order to pay money commercial bank : a bank organized chiefly to handle the everyday financial transactions of businesses (as through deposit accounts and commercial loans) cooperative bank : an association (as a credit union) owned by and offering banking services for its members ;specif : savings and ...
Bank
Bank, Commercially it is a place where money is deposited for the purpose of being lent out at interest, returned by exchange, disposed of to profit, or to be drawn out again as the owner shall call for it. Special provisions are contained in the (English) Companies Act, 1929 relating to Banks. By s. 358, no company, association or partnership consisting of more than ten members shall be formed for the purpose of carrying on a banking business unless it is registered under the Act or formed in pursuance of an Act of Parliament or of letters patent. By s. 360, the liability of the members of a banking limited company remains unlimited in respect of the bank's liability for bank-notes issued by it. As to signature of balance sheets, see s. 129 and ANNUAL RETURNS, ss. 108 and 361. See also JOINT STOCK BANKS and LIMITED LABILITY, and consult Grant, Paget, or Walker on Banking, Chitty's Statutes, tit. 'Bank.'Means financial institution engaged in the accepting of deposits of money, granting...
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