See Also: bank account(dictionary)
ACCOUNT IN BANK, com(law)
Export-Import Bank of the United States (Ex-Im Bank)(encyclopedia)
Export- Import Bank (Ex-IM Bank)(finance)
Bank run (bank panic)(money)
Bank run (bank panic)(finance)
account(2)(dictionary)
no-account(dictionary)
Key Account(money)
On Account(money)

ACCOUNT IN BANK, com (law)


ACCOUNT IN BANK, com. law. 1: A fund which merchants, traders and othershave deposited into the common cash of some bank, to be drawn out by checkshave deposited into the common cash of some bank, to be drawn out by checksfrom time to time as the owner or depositor may require. 2. The statementfrom time to time as the owner or depositor may require. 2. The statementof the amount deposited and drawn, which is kept in duplicate, one in theof the amount deposited and drawn, which is kept in duplicate, one in thedepositor' s bank book, and the other in the books of the bank.depositor' s bank book, and the other in the books of the bank.