Banking Law - Law Dictionary Search Results
Days of grace
the preceding business day, or on the succeeding business day if the last day of grace is a bank holiday (other than Christmas Day or Good Friday), or if the last day of grace is a Sunday … rendered it a legal right. The number of these days varies according to the ancient custom or express law prevailing in each particular country. In the (English) United Kingdom, by the Bills of Exchange Act, 1882 (45
Giving notice in writing
writing, Chapter XVII of the Act, containing ss. 138 to 142, was inserted in the Act as per Banking Public Financial Institution and Negotiable Instruments Laws (Amendment) Act, 1968. When the legislature contemplated that notice in writing … ss. 138 to 142, was inserted in the Act as per Banking Public Financial Institution and Negotiable Instruments Laws (Amendment) Act, 1968. When the legislature contemplated that notice in writing should be given to the drawer of
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
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Domicile
of origin adheres to him until he actually settles with the requisite intention in some other country, Central Bank of India v. Ram Narain, AIR 1955 SC 36: (1955) 1 SCR 697. 'Domicile' which is a private … deduced, that domicile is of three sorts: domicile by birth, domicile by choice, and domicile by operation of law. The first is the common case of the place of birth, domicilium originis; the second is that which
Possession
house is essentially different from possession of a gold watch. One has to look at the property possessed, Bank View Mill Ltd. v. Nelson Corp. etc. Ltd., (1942) 2 All ER 477. Possession, is an ambiguous term. … Mill Ltd. v. Nelson Corp. etc. Ltd., (1942) 2 All ER 477. Possession, is an ambiguous term. The law books divide its concept into two broad categories (i) physical possession or possession in fact; and (ii) legal
Chose
assignable in law under this enactment but the assignee of the part is entitled to it in equity, Bank of Liverpool & Martins, Ltd. v. Holland, (1926) 43 TLR 29. S. 136, L. P. Act, 1925, transfers
Due course of law
is the meaning of due course of law in a comprehensive sense, East India Hotels Ltd. v. Syndicate Bank, 1992 Supp (2) SCC 29.
Special Indian law
Law enacted by the Indian legislature and not a law enacted by the British Parliament specially for India, Bank of India v. Vijay Transport, AIR 1988 SC 151 (154): (1988) Supp SCC 47: (1988) 1 SCR 961.
Customer
Customer, is someone who has an account with a bank or who is in such relationship with the bank that the relationship of banker and customer exists, even … that the relationship of banker and customer exists, even though at this stage he has no account, Halsbury's Laws of England, Vol. 3(7), para 148, p. 130
Riparian nations
Riparian nations, those who possess opposite banks or different parts of banks of one and the same river, Inter Law.
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