Legal Definition and Related Resources of Bank account
Meaning of Bank account
A fund deposited by a customer of a bank into its common cash, to be drawn out by checks from time to time, as the depositor may require. The statement of the amount deposited and drawn, which is kept in duplicate, one in the depositor”s bank book, and the other in the books of the bank.
What does Bank Account mean in American Law?
The definition of Bank Account in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
The account of the customer of a bank, i.e., the statement of who owes what to whom. Cf. U.C.C. § 4-104(1)(a). But the term is used colloquially to mean the amount of money one has “in the bank,” as in “I”ve got a bank account with $11,000 in it.” See also bank deposit
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You might be interested in these references tools:
| Resource | Description |
|---|---|
| Bank Account in the Dictionary | Bank Account in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Bank Account |
| 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 | Bank Account in the World Encyclopedia of Law |
Notice
This definition of Bank Account Is based on the The Cyclopedic Law Dictionary . This definition needs to be proofread..
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| https://legaldictionary.lawin.org/bank-account/ | The URI of Bank Account (more about URIs) |
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