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BANKING

Categories: Property

Definition (1910 Edition)

155.—Bank-book. A book kept by a customer of a bank, showing the state of his account with: it.—Bank-check. See CHECK.—Bankeredits. Accommodations allowed to a person on security given to a bank, to draw money on it to a certain extent agreed upon.—Baenknote. A promissory note issued by a bank or authorized banker, payable to bearer on demand, and intended to circulate as money. Same as BAaNK-BILL, supra.—Bank of issue. One authorized by law to issue its own notes intended to circulate as money. Bank v. Gruber, 87 Pa. 471, 30 Am. Rep. 378.—Bank-stock. Shares in the capital of a bank; shares in the property of a bank.—Bank teller. See TELLER— Joint-stock banks. In English law. Jointstock companies for the purpose of banking. They are regulated, according to the date of their ecorporedon, by charter, or by 7 Geo. IV. ce. 46: 7 & 8 Vict. cc. 32, 1138; 9 & 10 Vict. c. 4. (in Scotland and Ireland;) 20 & 21 Vict. ce. 49: and 27 & 28 Vict. c. 32; or by the “Joint-Stock Companies Act, 1862," (25 & 20
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.