Overdraft - Law Dictionary Search Results
overdraft
Matched in: Term overdraft
Overdraft
Matched in: Term Overdraft
Loan societies
interest as a result of carrying excessive cash which is necessary in the case of cash credits and overdrafts. Loan accounts are said to have a lower operating cost than cash credits and overdrafts because of the
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overdraw
: to draw checks on (a bank account) for more than the balance vi : to make an overdraft
Bank
tit. 'Bank.' Means financial institution engaged in the accepting of deposits of money, granting of credit (by loan, overdraft) and other transactions such as the discounting of bills, dealing in foreign exchange, United Dominions Trust Ltd. v.
Industrial assurance
months. 'Industrial assurance funds' (life funds) cannot be made security for a loan other than a temporary bank overdraft. The Act contains important provisions as to forfeiture and surrender of policies, accounts and inspection, and the printing
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