Practical Banking |
From inside the book
Results 1-5 of 16
Page 13
... protest items . 9. Collection department : Collects notes , drafts , and other time items when payable out of town ; credits accounts of depositors upon advice of payment . 10. Auditor : Responsible for the settlement of various ...
... protest items . 9. Collection department : Collects notes , drafts , and other time items when payable out of town ; credits accounts of depositors upon advice of payment . 10. Auditor : Responsible for the settlement of various ...
Page 24
... protest and a charge back to the depositor's account . The procedure of protest will be taken up with the subject of checks . A teller should not make out a deposit slip for a customer , except in case of the inability of the depositor ...
... protest and a charge back to the depositor's account . The procedure of protest will be taken up with the subject of checks . A teller should not make out a deposit slip for a customer , except in case of the inability of the depositor ...
Page 35
... Protest . After each day's clearing , some items may be reported back either N.S.F. ( not sufficient funds ) or N.A. ( no account ) . The question there- upon to be decided is which items must be protested . All foreign items returned ...
... Protest . After each day's clearing , some items may be reported back either N.S.F. ( not sufficient funds ) or N.A. ( no account ) . The question there- upon to be decided is which items must be protested . All foreign items returned ...
Page 36
... Protest , and by these presents do Solemnly Protest as well against the maker of said instrument , the endorsers thereof , as all others whom it doth or may concern , for exchange , re - exchange , and all costs , charges , damages and ...
... Protest , and by these presents do Solemnly Protest as well against the maker of said instrument , the endorsers thereof , as all others whom it doth or may concern , for exchange , re - exchange , and all costs , charges , damages and ...
Page 78
... Protest . Protest of an instrument is necessary only when it is a foreign item . Local items may be protested . By foreign items is usually meant items which originate or have been in another state ; by local items is usually meant ...
... Protest . Protest of an instrument is necessary only when it is a foreign item . Local items may be protested . By foreign items is usually meant items which originate or have been in another state ; by local items is usually meant ...
Common terms and phrases
acceptance agent agreement amount assets assigns authority banker banking business bill bill of lading board of directors bonds cash cashier cent certificate of deposit certified check charge chattel mortgage collateral collecting bank condition consideration contract corporation country banks currency debt depositor discount dollars draft drawer endorsement executed Federal Reserve Act Federal Reserve bank Federal Reserve Board Federal Reserve notes Federal Reserve System foregoing funds heirs held hereby holder instrument is payable interest investment issued liable lien loans maker member banks ment mortgagor necessary negotiable negotiable instrument Notary obligation offer officer paid paper party payee payment person principal promise to pay protest purchase real estate receipt rediscount render restrictive endorsement seal signature stockholders sufficient sum certain teller thereof tion transaction trust unless Wisconsin Statutes
Popular passages
Page 74 - Value is any consideration sufficient to support a simple contract. An antecedent or pre-existing debt constitutes value ; and is deemed such whether the instrument is payable on demand or at a future time.
Page 151 - ... unless the agreement, upon which such action shall be brought or some memorandum or note thereof, shall be in writing, and signed by the party to be charged therewith, or some other person thereunto by him lawfully authorized.
Page 73 - Where the instrument contains or a person adds to his signature words indicating that he signs for or on behalf of a principal, or in a representative capacity, he is not liable on the instrument if he was duly authorized; but the mere addition of words describing him as an agent, or as filling a representative character, without disclosing his principal, does not exempt him from personal liability.
Page 64 - An instrument to be negotiable must conform to the following requirements : (1) It must be in writing and signed by the maker or drawer; (2) Must contain an unconditional promise or order to pay a sum certain in money...
Page 67 - An instrument is payable at a determinable future time, within the meaning of this act, which is expressed to be payable 1. At a fixed period after date or sight ; or 2. On or before a fixed or determinable future time specified therein; or 3. On or at a fixed period after the occurrence of a specified event, which is certain to happen, though the time of happening be uncertain. An instrument payable upon a contingency is not negotiable, and the happening of the event does not cure the defect.
Page 76 - A restrictive indorsement confers upon the indorsee the right: 1. To receive payment of the instrument. 2. To bring any action thereon that the indorser could bring. 3. To transfer his rights as such indorsee where the form of the indorsement authorizes him to do so. But all subsequent indorsees acquire only the title of the first indorsee under the restrictive indorsement.
Page 179 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 72 - Where the instrument provides for the payment of interest, without specifying the date from which interest is to run, the interest runs from the date of the instrument, and if the instrument is undated, from the issue thereof; 3. Where the instrument is not dated it will be considered to be dated as of the time it was issued ; 4.
Page 97 - JONES ON CHATTEL MORTGAGES (5th Ed.): "Section 1. A formal mortgage of personal property is a conditional sale of it as security for the payment of a debt or the performance of some other obligation.
Page 74 - Where a signature is forged or made without the authority of the person whose signature it purports to be, it is wholly inoperative, and no right to retain the instrument, or to give a discharge therefor, or to enforce payment thereof against any party thereto, can be acquired through or under such signature, unless the party against whom it is sought to enforce such right is precluded from setting up the forgery or want of authority.