The Customer's Guide to Banking |
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Common terms and phrases
accept acceptor accommodation bill advance agent allow amount annum balance-sheet Bank of England Bank rate bank's bearer bill of exchange bill-brokers borrow branch branch banks broker bucket-shop capital cash charge clerk client commission course credit balances creditor crossed current account customer's debit debt debtor deeds demand deposit receipt depositor directors dishonoured dividend drawer drawn firm give gold guarantee half-year hand head office holder for value indorsement instance interest jobber John Brown joint-stock banks ledger legal tender letter liabilities lien limit loan Lombard Street London London Stock Exchange manager money market negotiable notice obtain overdraft overdrawn paid pass-book payable payee paying banker payment perhaps person presented probably profit ratio per cent received refuse request reserve securities sell shareholders signature Smith stamp Stock Exchange trade transfer turnover United Kingdom unless usually write
Popular passages
Page 97 - Where a banker in good faith and without negligence receives payment for a customer of a cheque crossed generally or specially to himself, and the customer has no title, or a defective title, thereto, the banker shall not incur any liability to the true owner of the cheque by reason only of having received such payment.
Page 139 - Where the bill is drawn payable elsewhere than at the residence or place of business of the drawee.
Page 131 - Notice of dishonor is not required to be given to an indorser in either of the following cases — 1. Where the drawee is a fictitious person or a person not. having capacity to contract, and the indorser was aware of the fact at the time he indorsed the instrument; 2.
Page 87 - Where, by this Act, any instrument or writing is required to be signed by any person, it is not necessary that he should sign it with his own hand, but it is sufficient if his signature is written thereon by some other person by or under his authority.
Page 131 - Where in a bill drawer and drawee are the same person, or where the drawee is a fictitious person, or a person not having capacity to contract, the holder may treat the instrument, at his option, either as a bill of exchange or a promissory note.
Page 148 - Where a bill is payable at a fixed period after date, after sight, or after the happening of a specified event, the time of payment is determined by excluding the day from which the time is to begin to run and by including the day of payment.
Page 148 - When the last day of grace falls on Sunday, Christmas Day, Good Friday, or a day appointed by Royal proclamation as a public fast or thanksgiving day, the bill is, except in the case hereinafter provided for, due and payable on the preceding business day.
Page 96 - Where a bill payable to order on demand is drawn on a banker, and the banker on whom it is drawn pays the bill in good faith and in the ordinary course of business, it is not incumbent on the banker to show...
Page 131 - Notice of dishonor may be waived, either before the time of giving notice has arrived, or after the omission to give due notice, and the waiver may be express or implied.
Page 127 - If given at the place of business of the person to receive notice, it must be given before the close of business hours on the day following; 2.