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Dictionary of Banking

Abstract Of Title
Abstract Of Title. The Abstract Of Title Is Not A Part Of The Title, But Is A Document Prepared By The Vendor's Solicitor To Enable The Purchaser To See How His Title Is Derived. The Purchaser Of Freehold Pro Perty Has The Right To Require An Abstract Tracing The Title ...

Acceptance
Acceptance. This Word Is Commonly Used As Meaning A Bill Of Exchange, That Is, The Actual Bill Itself, But An Acceptance Is Really The Writing Across The Face Of A Bill By Which The Drawee Agrees To The Order Of The Drawer. The Drawee Is The Person To Whom A ...

Acceptance For Honour
Acceptance For Honour. The Drawer Of A Bill And Any Indorser May Insert In The Bill The Name Of Person To Whom A Holder May Resort In Case Of Need, That Is In Case The Bill Is Dishonoured By Non-accept Ance Or Non-payment ; Such A Person Is Called The ...

Acceptor Of
Acceptor Of Bill.—all Acceptor Is Liable To Pay It At Any Time Within Six Years, Unless He Has Suffered Damage Through Delay In Presentation For Payment. Accounr.—\\lere A Credit Balance Has Been Undisturbed For Six Years, The Cus Tomer's Right To The Money May Be Barred By The Statute. Heber ...

Accommodation Bill
Accommodation Bill. A Bill To Which A Person, Called An Accommodation Party, Puts His Name To Oblige Or Accommo Date Another Person Without Receiving Any Consideration For So Doing. The Position Of Such A Party Is. In Fact, That Of A Surety Or Guarantor. Bills Of This Type Are Commonly ...

Account Payee
" Account Payee." Cheques Are Fre Quently Crossed :— Or With Some Variation Of Those Forms. The Words Are An Indication To The Collect Ing Banker As To What Is To Be Done With The Proceeds Of The Cheque, But The Banker On Whom The Cheque Is Drawn, So Long ...

Accounts
Accounts. Before A Current Account Is Opened For A Stranger Or A Cheque Book Is Given To Him, A Banker Requires An Introduc Tion To Be Given By Some Reliable Customer Or Person Known To Him. The Most Convenient Time To Arrange Matters Regarding The Conduct Of The Account Is ...

Acts Of Bankruptcy
Acts Of Bankruptcy. When A Debtor Commits An Act Of Bankruptcy, The Court May, On A Bankruptcy Petition Being Pre Sented Either By A Creditor, Or By The Debtor, Make A Receiving Order For The Protection Of The Estate. The Act Must Have Been Committed Within Three Months Before The ...

Ad Valorem
Ad Valorem. Latin, According To Value. An Ad Valorem Stamp Duty Is A Duty Calcu Lated According To The Value Of The Subject Matter Contained In A Document. On A Cheque For Any Amount, A Bill Payable On Demand, Or At Sight, Or On Presentation, Or Not Exceeding Three Days ...

Adhesive Stamps
Adhesive Stamps. By The Stamp Act, 1s91 : " Section 7. Any Stamp Duties Of An Amount Not Exceeding Two Shillings And Sixpence Upon Instruments Which Are Permitted By Law To Be Denoted By Adhesive Stamps Not Appropriated By Any Word 'or Words On The Face Of Them To Any ...

Adjudication Stamps
Adjudication Stamps. Where A Doubt Exists As To The Stamp Duty With Which Any Instrument Is Chargeable, The Opinion Of The Board Of Inland Revenue May Be Obtained As To The Proper Stamp. The Instrument Itself, And Also A Sufficient Abstract Thereof, Must Be Lodged With The Controller Of Stamps ...

Adjudication Of Bankruptcy
Adjudication Of Bankruptcy. Where A Receiving Order Has Been Made Against A Debtor (see Receiving Order), Though He Is Not At That Date Adjudged Bank Rupt, It Means That, Unless A Composition Or Scheme Of Arrangement Is Accepted By The Creditors, The Court Will, Shortly, Make An Order Adjudicating The ...

Administration Order
Administration Order. An Ad Ministration Order Is Made By The County Court Against A Debtor Who Is Unable To Pay An Amount For Which Judgment Has Been Obtained In A County Court. An Adminis Tration Order Is Made Only When The Debtor's Total Indebtedness Does Not Exceed £50. Section 122 ...

Advances
Advances. An Advance Is Granted Either By Way Of Overdraft Upon A Current Account, Or By A Loan Upon A Separate Account. Or, In Some Districts, Upon A Promissory Note. The Discounting Of Bills Is Practically The Same As Making An Advance Upon The Security Of The Bills. In Considering ...

Affairs
Affairs. The Affairs Of A Company May Be Investigated By Board Of Trade In Spectors. A Company May Also By Special Resolution Appoint Inspectors To Investigate Its Affairs. The Companies (consolidation) Act, 190s, Section 109, Provides As Follows : " (1) The Board Of Trade May Appoint One Or More ...

Agent
Agent. An Agent Is A Person Who Acts Under Authority From His Principal, And The Extent Of His Powers To Bind His Principal Is Limited To The Terms Of That Authority. It Is Therefore Necessary In Dealing With An Agent, In Matters Of Any Importance, To Ascertain Exactly What Are ...

Agreement Or
Agreement Or Any Memorandum Of An Agreement, Made In Eng Land Or Ireland Under Hand Only, Or Made In Scotland Without Any Clause Of Registration, And Not Otherwise Specifically Charged With Any Duty, Whether The Same Be Only Evidence Of A Con Tract, Or Obligatory Upon The Parties From Its ...

Allotment
Allotment. An Applicant For Shares Which Are Being Issued By A Company Gener Ally Fills Up A Printed Form Of Application Supplied By The Company, In Which He Re Quests That The Shares He Requires May Be Allotted To Him. At The Same Time He Either Sends A Cheque To ...

Alterations
Alterations. Where Alterations Are Necessary In Any Of The Books Of A Bank, They Should Be Made Carefully, The Wrong Entry Being Neatly Ruled Through, And The Correct One Written Above Or Below It. Errors Are Not To Be Put Right Merely By The Fresh Figures Being Thickly Written Upon ...

American Railroad Certificates
American Railroad Certificates. These Certificates Partake Of The Nature Of A Registered Holding And Also Of A Bearer Security. On The Face Is Given The Name Of The Registered Holder Of The Shares And On The Back Is Supplied A Blank Form Of Transfer. Which, When Signed By The Registered ...

Annual List Of Members
Annual List Of Members Of Com Pany. By Section 21 Of The Bank Charter Act, Every Banker In England And Wales Must On The 1st Day Of January In Each Year, Or Within Fifteen Days Thereafter, Make A Return To The Commissioners Of Stamps And Taxes (now Inland Revenue) Of ...

Answers
Answers. When A Bill Or Cheque, For Any Reason, Is Returned Unpaid, The Answer Given By The Drawee Banker, As The Reason Of Its Return, Must Not Be At Variance With The Actual Fact. The Answer Is Usually Written Upon The Bill Or Cheque. A Banker Might Be Held Liable ...

Appraisement
Appraisement Or Valuation Of Any Property, Or Of Any Interest Therein, Or Of The Annual Value Thereof, Or Of Any Dilapidations, Or Of Any Repairs Wanted, Or Of The Materials And Labour Used Or To Be Used In Any Building, Or Of Any Artificers' Work Whatsoever. Where The Amount Of ...

Arrangement With Creditors
Arrangement With Creditors. Where A Person Is Unable To Pay His Debts He May (apart Altogether From The Bankruptcy Acts) Endeavour To Make An Arrangement With His Creditors With Respect To The Money He Owes To Them. A Debtor Usually Offers ()) To Pay The Creditors So Much In The ...

Articles Of
Articles Of Associanon) Provides : " Every Person Whose Name Is Entered As A Member In The Register Of Mem Bers Shall, Without Payment, Be Entitled To A Certificate Under The Common Seal Of The Company Specify Ing The Share Or Shares Held By Him And The Amount Paid Up ...

Articles Of Association
Articles Of Association. The Articles Of Association Are The Regulations Or Bye-laws Of A Joint Stock Company By Which Its Affairs Are Governed. Subject To The Provisions Of The Memo Randum Of Association, A Company Can Alter Or Add To The Articles. (sec Section 13. Below.) The Memorandum Forms The ...

Assignment For Benefit Of
Assignment For Benefit Of Creditors. A Person Who Is Unable To Pay His Debts May Legally Call His Creditors Together And Offer To Transfer His Property To A Trustee, In Order That It May Be Realised And The Proceeds Apportioned Amongst The Creditors, According To The Amount Of Their Claims, ...

Assignment Of Debts
Debts, Assignment Of. A Customer May Assign To A Hanker Any Money Which Is Clue, Or Will Be Due, To 1nm. This May Be Effected By A Letter Signed By The Customer, Addressed To The Person Who Owes Him Money, Requesting That The Debt Be Paid To The Banker. The ...

Attestation
Attestation. A Formal Witnessing Of A Signature. In The Case Of A Will, The Testator's Signa Ture Must Be Made, Or Acknowledged, By The Testator In The Presence Of Two Or More Witnesses Present At The Same Time, Each Of Whom Must Attest Or " Witness " The Will. There ...

Auditors
Auditors. The Auditors Of A Company Are Appointed By The Shareholders, And Their Particular Function Is To Make An Inde Pendent Investigation Of The Company's Affairs And To Report To The Shareholders. The Appointment, Powers, And Duties Of Auditors Are Set Forth In The Following Sec Tions Of The Companies ...

Authorities
Authorities. The Authorities Which Bankers May Receive From Customers Are In Connection With Many Different Matters. In All Cases They Should Be In Writing, And, In Many Cases, Bankers Have Their Own Printed Forms, Which They Prefer To Be Used. Authorities Are Given For A Banker To Pay, On Certain ...

Balance Sheet
Balance Sheet. .\ Balance Sheet Is A Statement Prepared So As To Exhibit On The One Hand The Liabilities Of A Company, Or Person. And. On The Other Hand. The Assets Or Property Available To Meet The Liabilities. A Balance Sheet Must Be So Drawn Up As To Exhibit A ...

Bank
Bank. The Word " Bank " Is Said To Be Derived From The Italian Word B Nico, A Bench. The Early Bankers The Jews In Lombardy. Transacted Their Business At Benches In The Market-place. When A Banker Failed His ;:anco Was Broken Up By The People, Whence Our Word Bankrupt. ...

Bank Note
Ba.nk Note For Money Not Exceeding Ii. . 0 0 5 Exceeding Z1 And Not Exceeding 0 0 0 10 Ps 0 1 3 /10 0 1 9 „ • £10 /20 0 2 0 £20 00 0 3 0„ £30 , 50 0 5 0„ £50 ,f,100 0 S ...

Bank Notes
Bank Notes. Banknotesarepromissory Notes, Issued By A Bank And Payable To Bearer On Demand. But Unlike Promissory Notes They May Be Re-issued After Payment. They Are Practically Money And In The Ordinary Course Of Business Are Treated As Cash. The Definition Of A Bank Note By 17 & 18 Witt. ...

Bank Post Bill
Bank Post Bill. A Bank Post Bill May Be Described As A Promissory Note Issued By The Bank Of England (which Is The Only Bank In This Country That Issues Them) Undertaking At, Usually, Seven Days After Sight To Pay " This My Sole Bill " To A Specified Person ...

Bank Return
Bank Return. By The Bank Charter Act, 1s44 (7 & S Viet. C. 32), Section (3, It Is Provided That The Bank Of England Issue A Weekly Return As To Its Financial Posi Tion : " An Account Of The Amount Of Bank Of England Notes Issued By The Issue ...

Bank Of England
Bank Of England. In The Year 1691, William Paterson, A Native Of Dumfriesshire, Submitted To The Government A Plan For The Establishment Of A National Bank, And In The Year 1694 The Bank Of England, Which Has Since Become The Greatest Banking Institution In The World, Was Incorporated By Act ...

Bank Of England Notes
Bank Of England Notes. The Bank Of England Is A Bank Of Issue, And May Issue Notes In England And Wales. The Bank Is Separated Into Two Departments, The Issue Department And The Banking Department. It Has The Right To Issue Bank Notes Up To D4,000,000 Against Securities To That ...

Bank Of Issue
Bank Of Issue. A Bank Which Issues Its Own Notes Payable To Bearer On Demand. The Bank Of England Is A Bank Of Issue, And Its Issue Is Regulated By The Bank Charter Act, 1844 (see Bank Of England And Bank Of England Notes). It Can Issue Bank Notes Throughout ...

Banker And Customer
Banker And Customer. The Ordi Nary Relationship Between A Banker And A Customer Is That Of Debtor And Creditor. When A Customer Pays In Money To The Credit Of His Account, The Banker Becomes The Debtor And The Customer The Creditor, But When The Banker Makes A Loan To A ...

Bankers Opinion
Banker's Opinion. When A Banker Gives An Opinion, In Answer To A Confidential Inquiry, Regarding The Financial Position Of A Customer, He Should Exercise The Greatest Care, For If He Says Too Little He May Injure His Customer In The Mind Of The Person On Whose Behalf The Inquiry Is ...

Bankers Order
Banker's Order. A Written Order Given By A Customer To A Banker To Make A Payment Or Series Of Payments On His Behalf. It Is Commonly Used To Give Authority To A Banker To Pay Subscriptions To Clubs And Societies Year By Year, Insurance Premiums, Etc. The Following Is A ...

Banking Company
Banking Company. The Sections Of The Companies (consolidation) Act, 1908, Which Particularly Refer To Banking Com Panies Are As Follow : Section 1. S.s. 1 : " No Company, Association, Or Partnership Of More Than Ten Persons Shall Be Formed For The Purpose Of Carrying On The Business Of Banking, ...

Banking Company
Banking Company.) The Auditors' Certificate And Report On A Bank's Balance Sheet Is Usually In A Form Similar To The Following : " We Beg To Report To The Shareholders That We Have Examined The Books And Accounts Of The X. & Y. Banking Company, Limited, At December 31, 19 ...

Banking Dis
Banking [dis Operation Of The Order For A Specified Time, Or Grant An Order Of Discharge Subject To Any Conditions With Respect To Any Earnings Or Income Which May Afterwards Become Due To The Bankrupt, Or With Respect To His After-acquired Property : Provided That The Court Shall Refuse The ...

Bankrupt Person
Bankrupt Person. A Person Who Has Been Adjudicated A Bankrupt By The Court Of Bankruptcy. In The Early Days Of Banking, When A Banker Failed, His Bench, Or Banco. At Which He Did Business, Was Broken By The People, Whence The Word Bankrupt. (it. Banco, A Bench. Lat. Ruptus, Broken.) ...

Bankruptcy
Bankruptcy. When A Person Is Unable To Pay His Debts, His Property Is, In Certain Circumstances, Taken Possession Of By The Official Receiver Or Trustee In Bankruptcy, Who Realises It And Distributes The Proceeds Amongst The Creditors. Such A Proceeding Is Called Bankruptcy, And The Debtor Is Known As The ...

Bar Gold
Bar Gold. Much Of The Bank Of Eng Land's Stock Of Gold Is Not In The Form Of Coins, But Of Bars, Which, From An Exporter's Point Of View, Are Often Preferable, One Reason Being That The Quantity Lost By Friction In Transit Is Less In The Case Of Bars ...

Base Coins
Base Coins. A Banker Is Justified In Breaking Or Destroying Any Base Coins Which Come Into His Hands. Section 26 Of 24 & 25 Viet. C. 99 Enacts : " Where Any Coin Shall Be Tendered As The Queen's Current Gold Or Silver Coin To Any Person Who Shall Suspect ...

Bearer Bonds
Bearer Bonds. A Bearer Bond. That Is A Bond Which Is Payable To The Bearer. In Contradistinction To A Bond Which Is Regis Tered In The Name Of The Holder, Passes By Mere Delivery The Full Benefits Conferred By The Bond So Long As The Transferee Takes It In Good ...

Bearer Cheque Orbill
- Bearer (cheque Or Bill). "bearer," In The Bills Of Exchange Act, 1882, Means The Person In Possession Of A Bill Or Note Which Is Payable To Bearer (section 2). " A Bill Is Payable To Bearer Which Is Expressed To He So Payable, Or On Which The Only Or ...

Bill Broker
Bill Broker. Bill Brokers Are Mer Chants Whose Special Business It Is To Buy And To Sell Bills. They Buy Them From Traders And Sell Many Of Them To Bankers, Their Profit Being Obtained From A Difference In The Rates, The Bankers Buying From The Brokers At One Eighth Or ...

Bill Payable At A
Bill Payable At A Future Date.-by Section 11 : " A Bill Is Payable At A Determinable Future Time Within The Meaning Of This Act Which Is Expressed To Be Payable " (i) At A Fixed Period After Date Or Sight. " (2) On Or At A Fixed Period After ...

Bill In A Set
Bill In A Set. Foreign Bills Are Usually Drawn In Several Parts, And, For Safety, The Parts May Be Transmitted By Separate Mails. Where A Bill Is Drawn In That Way It Is Said To Be Drawn In A Set, And The Various Parts Constitute One Bill. The Rules Regarding ...

Bill Of Exchange
Bill Of Exchange. A Bill Of Exchange Is Defined By The Bills Of Exchange Act, 1882, Section 3. As Follows :— " (1) A Bill Of Exchange Is An Uncon Ditional Order In Writing, Addressed By One Person To Another, Signed By The Person Giving It. Requiring The Person To ...

Bill Of Exchange
Bill Of Exchange Of Any Other Kind Whatsoever (except A Bank Note) And Promissory Note Of Any Kind Whatsoever (except A Banknote)—drawn , Or Expressed To Be Payable, Or Actually Paid, Or Indorsed. Or In Any Manner Negotiated In The United King Dom. S. D. Where The Amount Or Value ...

Bill Of Lading
Bill Of Lading. A Receipt For Goods, Upon Shipment, Signed By Some Person Authorised To Sign The Same On Behalf Of The Shipowner. The Document States That The Goods Have Been Shipped In Good Order, And Quotes The Rate At Which The Freight Is To Be Paid By The Consignees. ...

Bill Of Sale
Bill Of Sale. An Assignment Of Per Sonal Chattels As Security For A Debt. Per Sonal Chattels Include Goods, Furniture, And Other Articles Capable Of Complete Transfer By Delivery. Trade Machinery Is Deemed To Be Personal Chattels. (see Definition, As Given In Bills Of Sale Act, 1878, Of " Personal ...

Bills For Collection
Bills For Collection. Bills Left For Collection (or " Short Bills," As They Are Some Times Called, A Term Which Originated In The Custom Of Entering The Bills In The Customer's Account In A Column " Short " Of The Cash Column) Are Bills Which A Customer Leaves With His ...

Blank Transfer
Blank Transfer. A Blank Transfer Of Stock Or Shares Is A Transfer Where The Name Of The Transferee Has Not Been Filled In, Or Which Is Undated. It Is Sometimes Used When Shares Are Given As Security For A Debt, The Intention Being That If Default Is Made In Payment, ...

Bond
Bond In Relation To Any Annuity Upon The Original Creation And Sale Thereof. See Conveyance On Sale. Bond, Covenant. Or Instrument Of Any Kind Whatsoever. (i) Being The Only Or Principal Or Primary Security Tor Any Annuity (except Upon The Original Creation Thereof By Way Of Sale Or S, Eurity, ...

Borrowing Powers
Borrowing Powers. When A Com Pany Wishes To Borrow, A Banker Should. By Careful Reference To The Memorandum And Articles Of Association Of The Company, Ascertain What Powers To Borrow, If Any, Are Given Therein, And What Are The Limitations Of Those Powers. If A Company Has Power To Borrow, ...

Borrowing On Consols
Borrowing On Consols. This Refers To A Method Adopted By The Bank Of Eng Land For Making An Increase In Its " Bank Rate " Effective In Preventing An Undue Drain Of Gold From Its Reserve. A Large Con Stituent Of The Item " Other Deposits " In The Bank ...

Branches
Branches. For Some Purposes The Branches Of A Bank Are Treated As Though They Were Separate Banks, E.g. One Branch Is Not Obliged To Pay A Cheque Drawn Upon Another Branch, And One Branch May, In Giving Notice Of Dishonour, Treat The Other Branch. In The Matter Of Time, As ...

Building Lease
Building Lease. The Following Ex Hibits The General Form Of A Building Lease : This Indenture Made The Day Of 1910 Between Hereinafter Called The Said Lessor Of The First Part And Hereinafter Called The Lessee Of The Second Part Witnesseth That In Consideration Of The Rent Here Inafter Reserved ...

Building Society
Building Society. All Societies Formed Under The Building Societies Acts, 1874 To 1894, Must Obtain A Certificate Of Incorporation From The Registrar Of Friendly Societies. These Incorporated Societies Are To Be Dis Tinguished From An Unincorporated Society Formed Under The Act Of 1836, And Which Has Not Since Obtained A ...

Calls
Calls. Shares May Be Either Fully Paid Or Only Partly Paid. If The Latter. The Holders Are Liable, When Called Upon By The Company. To Pay Up The Amounts Or " Calls " As They Are Made. Calls Should Be Made In Accordance With The Company's Articles Of Association Or ...

Cancellation Of Bill Of
Cancellation Of Bill Of Ex Change. A Bill Of Exchange Is Discharged When It Is Intentionally Cancelled. The Bills Of Exchange Act, 1882, Section 63, Provides : " (1) Where A Bill Is Intentionally Can Celled By The Holder Or His Agent, And The Cancellation Is Apparent Thereon, The Bill ...

Cancelled Cheques And Bills
Cancelled Cheques And Bills. Nn'hen A Cheque Is Paid, It Becomes The Pro Perty Of The Drawer, But The Banker Is En Titled To Keep It As A Voucher Till The Account Is Settled, Or The Customer Agrees That The Entries In The Pass-book Are Correct. A Paid Cheque Is ...

Capacities In Which The
Capacities In Which The Public Trustee May Act.—the Public Trustee Is Authorised, If Duly Appointed, To Act In Any Of The Follow Ing Capacities : (1) Executor Or Executor And Trustee Of A Will. (2) Trustee Or Custodian Trustee Of A Settlement (including A Will). (3) Administrator Under A Will ...

Capital
Capital. In The Early Stages Of Civilisa Tion. Sheep And Cattle Acted As A Currency. " Being Counted By The Head, The Trine Was Called Capitale, Whence The Economical Term Capital, The Law Term Chattel, And Our Common Name Cattle " (jevons). In A Joint Stock Company The Capital Is ...

Certificate
Certificate. The Document Which Is Issued By A Company, To A Member Of The Company, Specifying The Shares Or Stock Held By Him. It Is Usually Signed By Two Direc Tors, Countersigned By The Secretary Or Manager, And Impressed With The Company's Seal. Certificates Are Of Many Different Sizes And ...

Certified Transfer
Certified Transfer. Transfers Are Often Certified Upon The Margin By The Secretary Or Registrar Of A Company That The Certificates For The Shares Dealt With In The Transfer Are In The Company's Office. The Words Generally Used Are, " Certificate For Shares, Paid, Has Been Lodged At The Company's Office. ...

Charge Of Duty Upon
Charge Of Duty Upon Instruments. Charge Of Duties In Schedule. " 1. From And After The Commencement Of This Act The Stamp Duties To Be Charged For The Use Of Her Majesty Upon The Several Instruments Specified In The First Schedule To This Act Shall Be The Several Duties In ...

Charter Party
Charter Party. An Agreement By Which The Owners Of A Ship, Or Their Agents. Agree To Place The Vessel At The Disposal Of A Merchant, The Charterer, For The Convey Ance Of A Full Cargo Of Goods. A Charter Party May Be For One Or More Voyages Or For A ...

Chattels
Chattels. Chattel, A Modern Form Of The Word Cattle. Cattle At One Time Per Formed The Function Of Money. Chattels Include Cattle, Implements, Money, Debts, Rights Of Action To Goods, Etc. Blackstone Says, " For It Is To Be Under Stood That In Our Law, Chattels (or Goods And Chattels) ...

Cheque
Cheque. (formerly Written " Check.") Gilbart Says : " The Word Is Derived From The French Echecs, Chess. The Chequers Placed At The Doors Of Public-houses Are Intended To Represent Chess-boards, And Originally Denoted That The Game Of Chess Was Played In Those Houses. Similar Tables Were Employed In Reckoning ...

Claytons Case
Clayton's Case. This Is The Name Of A •case Decided In I 81(3, And Reported In Mer. 529 Et Seq. (sometimes Quoted As Devaynes V. Noble), Which Is Always Referred To As The Leading Authority Upon What Is Known As The " Appropriation Of Payments " If A Debtor Owes ...

Clearing House
Clearing House. A Country Banker " Clears " The Cheques Which He Holds Upon Another Banker In The Same Town In The Daily Exchange Or Daily Clearing. That Is, Banker A, By His Clerk, Sends To Banker B All Cheques Drawn Upon Him, And Banker B Hands Over To The ...

Coins Coinage
Coinage, Coins. Many Substances Have Been Used In Different Countries As Money, But A Metal Of Some Kind Has Been Found To Be The Most Suitable In All Respects, And Of All Metals Gold And Silver Have Been Selected As The Best Fitted To Act As A Coinage. The Properties ...

Collateral Security
Collateral Security. Literally A Security Which Runs Parallel Or Side By Side With Another Security. The Word " Collateral " Is Sometimes Used When Speaking Of A Secondary Security, To Distinguish It From The Principal Or Primary Security. It Is Also Used With The Meaning, As In The Stamp Act, ...

Collecting Banker
Collecting Banker. The Position Of A Collecting Banker When He Collects A Cheque For A Customer Or For A Stranger, Either With A Forged Indorsement Or A Defective Title, And When He Cashes A Cheque To A Customer Or A Stranger Under The Same Conditions, Is Indicated Below. To Gain ...

Colonial Register
Colonial Register. A Branch Regis Ter Of Members Of A Company Resident In A Colony. The Companies (consolidation) Act, 190s, Provides As Follows :— Power For Company To Keep Colonial Register. " Section 34. (1) A Company Having A Share Capital, Whose Objects Com Prise The Transaction Of Business In ...

Committee Of Inspection
Committee Of Inspection. The Per Sons Appointed By The Creditors To Superin Tend The Administration Of A Bankrupt's Property By The Trustee. (see Trustee In Bankruptcy.) The Provisions Of The Bankruptcy Act, 1ss3, Are As Follow : "section 22. (1) The Creditors, Qualified To Vote, May At Their First Or ...