Bank Discount - Law Dictionary Search Results
bank discount
Matched in: Term bank discount
Bank discount
Matched in: Term Bank discount
Bank Rate
Matched in: Term Bank Rate
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Bank discount
Matched in: Term Bank discount
discount
Matched in: Term discount
Bank
Matched in: Term Bank
Discountable
of being or suitable to be discounted as certain forms are necessary to render notes discountable at a bank … Capable of being or suitable to be discounted as certain forms are necessary to render notes discountable at a bank
reserve
liabilities legal reserve : the minimum amount as determined by government standards of the deposits held by a bank or of the assets of a life insurance company required by law to be kept as reserves loss … for the purpose of absorbing losses [a loan loss reserve] 2 : an insurance company's reserve representing the discounted value of future payments to be made on losses which may have already occurred policy reserve : an
honor
honor hon·ored hon·or·ing 1 : to accept and pay [the bank ed the check] 2 : to purchase or discount (a draft) in compliance with a letter of credit
bill
purchaser to receive payment upon presentation Treasury bill : a short-term obligation sold by the government at a discount that bears no interest but is payable at its face value at maturity compare Treasury bond at bond … instrument providing proof of an obligation to pay money bill of credit : an instrument written by a banker certifying to another that a person named in the instrument is entitled to draw on the banker's funds
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