Bank - Law Dictionary Search Results

Confusion, property by

to the position where a person pays money held by him in a fiduciary character into his own banking account, see Re Hallett'' Estate, (1879) 13 Ch D 696; Sinclair v. Brougham, 1914 AC 398. By the

a corporation empowered by statute to lend money, or any person bona fide carrying on the business of banking or insurance or bona fide carrying on any business not having for its primary object the leading of

Remuneration

given its meaning with reference to the context in which the word occurs in the statute. In the Banking Act the word 'remuneration' has been used in the widest sense. In that sense, it undoubtedly includes bonus,

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Money Bill

the strict sense ' means, as I understand, ' money actually in hand as cash or at a bank on drawing account . . .'' [Warrington, L.J., in Taylor (:in re), (1923) 1 Ch 99 (108)]. ''

New Year's Day

thenceforth to commence in that kingdom on the 1st January instead of the 25th March. By the (English) Bank Holidays Act, 1871 (34 Vict. c. 17), New Year's Day is made a bank holiday in Scotland, and

Non-performing asset

Non-performing asset, means an asset or account of a borrower, which has been classified by a bank or financial institution as sub-standard, doubtful or loss asset, in accordance with the directions or under guidelines relating

Official assignees

certain persons from the class of merchants or accountants who were appointed by the Lord Chancellor under the Bankruptcy Acts, 1849 and 1861, to act in bankruptcies; one of whom must have been an assignee of the

Parity

same condition regarding aid in road building, 'parity' meaning equality, Words and Phrases, Vol. 31; South Malabar Gramin Bank v. Coordination Committee of South Malabar Gramin Bank Employees' Union, (2001) 4 SCC 101.

Pay and pay scale

in a particular scale must be such as to ensure that the total emoluments are not reduced, State Bank of India v. K.P. Subbaiah, AIR 2003 SC 3016. In service jurisprudence the expressions 'pay' and 'pay-scale' are

Pledge

of the property himself. This is a feature which distinguishes a pledge from a mortgage, Branch Manager, State Bank of Hyderabad v. GRB Viswanadha Raju, AIR 1993 AP 337: (1993) 2 Andh LT 274: (1993) 2 Hindu

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