Banker S Draft - Law Dictionary Search Results
Banker's Draft
Matched in: Term Banker's Draft
Clearing
Clearing, a among London bankers a method adopted by them for exchanging the drafts of each other's houses, and settling the difference. At fixed hours, each day, a clerk from each banker … Clearing, a among London bankers a method adopted by them for exchanging the drafts of each other's houses, and settling the difference. At
Bill of Exchange
of April, 1880. See now (English) R. S. C. Ord. III., r. 6, and Ord. XIV. See also BANKER'S DRAFT; CHEQUE; NEGOTIABLE INSTRUMENTS; PROMISSORY NOTES PROTEST; NOTE A BILL, TO; INCHOATE. Includes a hundi and a cheque.
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Dishonour
or pay when duly presented for payment a bill of exchange or promissory note or draft on a banker. See (English) Bills of Exchange Act, 1882 (45 & 46 Vict. c. 61), s. 47.
bill
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 … bill 1 : a draft of a law presented to a legislature for enactment ;also : the law itself [the GI ] ap·pro·pri·a·tions
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