Bank Rate - Law Dictionary Search Results
Bank Deposit Rate
Bank Deposit Rate, 'bank deposit rate' means the highest of the
Bank Rate
Bank Rate. The minimum rate of discount charged for the time being … due date the bills of certain approved mercantile houses. The bank rate is declared usually once a week.
prime rate
prime rate : an interest rate formally announced by a bank to be the lowest available at a particular time to
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Deposit account
Deposit account, an account of sums lodged with a bank and acknowledged to be so lodged by a 'deposit receipt' … a fixed notice, but bearing interest either at some fixed rate, or very often at 1 per cent. less than the
bank
bank : an organization for the custody, loan, or exchange of … and fiscal policy and controls the money supply and interest rate collecting bank : a bank other than the payor bank
Loan societies
similar nature to those prescribed in the Acts regulating savings banks and friendly societies are requisite to enable loan societies to … latter as compared to the former and consequently a lower rate of interest on loans appears to be justifiable than in
Raiffeisen
Designating or pertaining to a form of cooumlperative bank founded among the German agrarian population by Friedrich Wilhelm Raiffeisen … are unlimited liability institutions making small loans at a low rate of interest for a designated purpose to worthy members only
Exchequer bills
the usual rate at the time. the advances of the Bank to Government are made upon Exchequer bills; and the daily
credit union
to its members at low interest rates and offers other banking services (as savings and checking accounts) … that makes small loans to its members at low interest rates and offers other banking services (as savings and checking accounts)
Current rate of interest
by charitable or religious institutions) by different classes of scheduled banks in accordance with the directions given or issued to banking … Current rate of interest, means the highest of the maximum rates at
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