Commercial Banking - Law Dictionary Search Results
dishonor
dishonor : refusal on the part of the issuer (as a bank) to pay or accept commercial paper (as a check) when it is presented see also wrongful dishonor vt : to refuse to pay … dishonor : refusal on the part of the issuer (as a bank) to pay or accept commercial paper (as a check) when it is presented see also wrongful dishonor vt
wrongful dishonor
bank is liable to its customer for damages proximately caused by the wrongful dishonor of an item "Uniform Commercial Code"] … wrongful dishonor : a wrongful refusal by a payor bank to honor an item that is properly payable [a payor bank is liable to its customer for damages
perfect
its security interest in the debtor's collateral, and, thus, was the first in priority for the collateral "Commercial Bank v. Pride Furniture, Inc., 877 P.2d 1222 (1994)"] compare attach vi : to make something (as a security
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Executor
he obtain probate in time to prove his title if it should be disputed; see, however, Tarn v. Commercial Banking Co., (1884) 12 QBD 294. But he must be prepared either to act wholly or not at all,
Perfect
statutorily prescribed steps to give notice exp. by filing a financing statement or taking possession of the collateral, Commercial Bank v. Pride Furniture, Inc., 877 P. 2d 1232 (1994). … prescribed steps to give notice exp. by filing a financing statement or taking possession of the collateral, Commercial Bank v. Pride Furniture, Inc., 877 P. 2d 1232 (1994).
Judgment
the amendment, a judgment in terms of clause 15 of the Letters Patent, Prasant Chandra Sen v. United Commercial Bank, AIR 1982 Cal 555. An end to the suit or proceeding, the adjudication is indisputably a 'judgment' … amendment, a judgment in terms of clause 15 of the Letters Patent, Prasant Chandra Sen v. United Commercial Bank, AIR 1982 Cal 555. An end to the suit or proceeding, the adjudication is indisputably a 'judgment' within
Liaison office
business or Head Office by whatever name called and entities in India but which does not undertake any commercial/trading/industrial activity, directly or indirectly, and maintains itself out of inward remittances received from abroad through normal banking channel.
account
to withdrawal at the option of the depositor 4 : a right under Article 9 of the Uniform Commercial Code to payment for goods or services which is not contained in an instrument or chattel paper and … and credits) 3 : a sum of money or its equivalent deposited in the common cash of a bank and subject to withdrawal at the option of the depositor 4 : a right under Article 9 of
Act or Omission
an 'act or omission' need not necessarily be criminal; it may even include acts or omissions which are commercially unsound or unwise, K. Joseph Augushti v. Narayanan, (1964 7 SCR 137: AIR 1964 SC 1552 (1556). [Banking
portfolio
portfolio : the securities held by an investor : the commercial paper held by a financial institution (as a bank) … : the securities held by an investor : the commercial paper held by a financial institution (as a bank)
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