Legal Definition and Related Resources of Bank Paper, Bankable Paper

Negotiable, discountable, commercial paper , such as securities , bank drafts, bills of exchange , etc. Also sometimes called high credit paper, which if the time of payment was reasonable , and the bank had loanable funds, would be discountable. See Edward P. Allis Co. v Madison Electric Light Heat and power Co., 70 N. W. 650, 9 S.D. 459.

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Bank Paper, Bankable Paper in Historical Law

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