Bank Credits - Law Dictionary Search Results
Disposition of company property
Disposition of company property, where a com-pany withdraws a sum of money from its bank account in credit and pays that sum to a third party, there is a disposition of the company … Disposition of company property, where a com-pany withdraws a sum of money from its bank account in credit and pays that sum to a third party, there is a disposition of the company property which ,
Disposition of the company's property
against the company, it is illogical to hold that there is an additional disposition in favour of the bank where the company is in credit prior to payment of the cheque and the bank, in paying the … Disposition of the company's property, where a company pays a creditor by cheque between the date of petition and the winding up order against the company, it is illogical
Bank
Matched in: Term Bank
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Client account
by credit institution or any other person or institution as may, by notification, be directed by the Reserve Bank. [Credit Information Companies (Regulation) Act, 2005, s. 2(c)]. … Includes (i) a guarantor or a person who proposes to give guarantee or security for borrower of a credit institution; or (ii) a person (a) who has obtained or seeks to obtain financial assistance from a credit
Specified user
other person or institutions as may be specified by regulations made from time to time, by the Reserve Bank for the purpose of obtaining credit information from a credit information company. [Credit Information Companies (Regulation) Act, 2005 … Specified user, means any credit institution, credit information company being a member under sub-section (3) of section 15, and includes such other person
Confirming bank
Matched in: Term Confirming bank
Currency
Currency, coin; bank notes, or other paper money issued by authority, and which re continully passing as and for coin. See … TENDER. It includes all currency notes, postal notes, postal orders, money orders, cheques, drafts, travellers cheques, letters of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by
Defunct co-operative bank
Matched in: Term Defunct co-operative bank
Regulation U
U : a regulation of the Board of Governors of the Federal Reserve System imposing credit restrictions on banks that extend credit for the purpose of buying or carrying margin stock if the credit is secured directly … Regulation U : a regulation of the Board of Governors of the Federal Reserve System imposing credit restrictions on banks that extend credit for the purpose of buying or carrying margin stock if the credit
Credit card
of payments. UK Credit Card (Merchant Acquisition) Order, 1990, SI 1990/2158, Art. 29(1). See also H.M. Ogilvie Canadian Banking Law, Carswell, Scarborrow, 1991, p. 647. … Credit card, is a payment of card, the holder of which is permitted under his contract with the user
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