Legal Definition and Related Resources of Bankable
Meaning of Bankable
Bank notes, checks and other securities for money which will be received as cash by the banks in the place where the word is used.
What does Bankable mean in American Law?
The definition of Bankable in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
An adjective which means that an obligation is of such quality that a bank would be willing, in the ordinary course of its business, to purchase it or lend money against it as security. Hence, a “bankable note,” is one either made or endorsed by an obligor with a good credit rating, and a “bankable contract” is one in which a financially secure obligor promises, subject to almost no contingencies, to make stipulated payments.
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You might be interested in these references tools:
| Resource | Description |
|---|---|
| Bankable in the Dictionary | Bankable in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Bankable |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Bankable in the World Encyclopedia of Law |
Notice
This definition of Bankable Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..
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| https://legaldictionary.lawin.org/bankable/ | The URI of Bankable (more about URIs) |
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