Banking Fundamentals |
Common terms and phrases
accept agent amount assets balance bank notes bank's banker bill of lading bills of exchange bonds bookkeeper borrower capital stock cash cashier cashier's check certificates certified check charge clearing house clerks collateral collection commercial paper contract corporation currency customers debit debt demand deposits depositor directors dollars draft drawee drawer drawn eral Reserve Federal Reserve Act Federal Reserve bank Federal Reserve System foreign exchange funds give given gold holder individual indorsement interest investments issued large banks ledger legal tender liability loss maker maturity member banks ment mortgage National Bank Act necessary negotiable note teller offer officers paid party pass book payable payee paying teller payment person presented promissory note purchase receipt receiving teller records savings banks securities sell settlement signature statement stockholders surplus ticket tion transactions transit department trust companies usually
Popular passages
Page 131 - A promissory note is an unconditional promise in writing made by one person to another, signed by the maker, engaging to pay on demand or at a fixed or determinable future time, a sum certain in money to or to the order of a specified person, or to bearer.
Page 291 - STATE OF NEW YORK COUNTY OF NEW YORK On this day of 19 , before me personally came and appeared , to me known and...
Page 286 - An agent is one who represents another, called the principal, in dealings with third persons.
Page 185 - A warehouseman shall be liable for any loss or injury to the goods caused by his failure to exercise such care in regard to them as a reasonably careful owner of similar goods would exercise, but he shall not be liable, in the absence of an agreement to the contrary, for any loss or injury to the goods which could not have been avoided by the exercise of such care.
Page 44 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 164 - The protest must be annexed to the bill or must contain a copy thereof, and must be under the hand and seal of the notary making it and must specify: 1. The time and place of presentment. 2. The fact that presentment was made and the manner thereof. 3. The cause or reason for protesting the bill. 4. The demand made and the answer given, if any, of the fact that the drawee or acceptor could not be found.
Page 162 - The holder may refuse to take a qualified acceptance, and if he does not obtain an unqualified acceptance, he may treat the bill as dishonored by non-acceptance. Where a qualified acceptance is taken, the drawer and indorsers are discharged from liability on the bill, unless they have expressly or impliedly authorized the holder to take a qualified acceptance, or subsequently assent thereto.
Page 134 - Bank to sell, assign, and deliver the whole of the said securities, or any part thereof, or any substitutes therefor, or any additions thereto, or any other securities or property given unto or left in the possession of the...
Page 255 - Any member bank may accept drafts or bills of exchange drawn upon it and growing out of transactions involving the importation or exportation of goods having not more than six months...
Page 247 - If in a reserve city, as now or hereafter defined, it shall hold and maintain with the Federal Reserve bank of its district an actual net balance equal to not less than ten per centum of the aggregate amount of its demand deposits and three per centum of its time deposits...