S 264 - Law Dictionary Search Results
Home Dictionary Name: s 264 Page: 4Banker's Draft
Banker's Draft. A banker's draft is defined by s. 1 of the (English) Bills of Exchange Act (1882) Amendment Act, 1932 (22 & 23 Geo. 5, c. 44), as 'a draft payable on demand drawn by or on behalf of a bank upon itself whether payable at the head office or some other office of the bank.' This Act makes ss. 76 and 82 of the (English) Bills of Exchange Act, 1882 (45 & 46 Vict. c. 61), applicable to a banker's draft as if it were a cheque....
Banker's Books
Banker's Books, includes ledgers, day books, cash-books, account-books and other records used in the ordinary business of the bank, whether in written form or kept on microfilm, magnetic tape, or other forms of retrieval mechanism, State of Norway's Application, (1987) QB 433; Williams v. Summer Field, (1972) 2 QB 513.Banker's Books, includes ledgers, day books, cash-books, account-books and all other records used in the ordinary business of the bank, whether these records are kept in written form or stored in a microfilm, magnetic tape or any other form of mechanical or electronic data retrieval mechanism, either onsite or at any offsite location including back-up or disaster recovery site of both, Banker's Books Evidence Act, 1891, sec. 2(3)...
Banker's acceptance
Banker's acceptance, is a short-term credit instrument issued by an importer's bank that guarantees payment of an exporter's invoice, Webster's Dictionary of Law, Indian Edn. (2005), p. 43....
arm's length
arm's length : the condition of the parties to a business deal in which each has independent interests and one does not dominate the other often used in the phrase at arm's length [a contract made at arm's length] arm's-length adj ...
City's cash
City's cash, the revenues derived from the corpora-tion's estates are usually known as 'city's cash', and are applied for charitable, educational, ceremonial and other purposes, Halsbury's Laws of England, Vol. 29, para 60, p. 45....
Sheriff's Tourn or Rotation
Sheriff's Tourn or Rotation, a Court of record held twice every year, within a month after Easter and Michaelmas, before the sheriff, in different parts of the county, being indeed only the turn of the sheriff to keep a Court-leet in each respective hundred; this, therefore, was the great Court-leet of the county, as the county Court was the Court-baron; but the 'tourn,' which had been long obsolete, was expressly abolished by s. 18, sub-s. 4, of the Sheriffs Act, 1887....
Oswald's law hundred
Oswald's law hundred, an ancient hundred in Worcestershire, so called from Bishop Oswald, who obtained it from King Edgar to be given to St. Mary's Church in Worcester. It was exempt from the sheriff's jurisdiction, and comprehends 300 hides of land, Camd. Brit....
Owner's equity
Owner's equity, is the residual claim of the owners of the business on its assets after recognition of the liabilities of the business. Owner's equity repre-sents the amounts contributed by the owners to the business, plus the accumulated income of the business since its formation, less any amounts that have been distributed to the owners, Accounting and Finance for Lawyers in a Netshell, Charles H. Meyer, 4 (1995).Means the aggregate of the owners' financial interest in the assets of a business entity; the capital contributed by the owners plus any retained earnings. Also termed (in a corporation) shareholders' equity; stockholders' equity, Black's Law Dictionary, 7th Edn., p. 1131....
Queen's Remembrancer
Queen's Remembrancer, an officer on the revenue side of the Court of Exchequer. See the (English) Queen's Remembrancer Act, 1859 (22 & 23 Vict. c. 21), and the (English) Crown Suits Act, 1865 (28 & 29 Vict. c. 104). He became an officer of the Supreme Court by the (English) Jud. Act, 1873, s. 77....
S.S., Collar of
S.S., Collar of. Collars bearing these letters, or consisting of many of them linked together, have been much worn by persons holding great offices in the state, e.g., by the Lord Chief Justice of England. The signification is obscure...
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