Search Results for: NO FUNDS

no funds

no funds 无存款 这是凭支票向银行取款时,银行以该账户无足够的存款以支付支票所开金额为理由而在支票背面所书写的字句,即表明该支票系空头支票,因而退票。

no funds Read More »

uncollected funds

uncollected funds. A credit, such as an increase in the balance of a checking or other deposit account in a bank, given on the basis of a check or other right to payment that has not yet been received from the drawee or other payor. [Cases: Banks and Banking 122, 133, 137. C.J.S. Banks and

uncollected funds Read More »

nominee

nominee (nom-i-nee), n. 1. A person who is proposed for an office, membership, award, or like title or status. • An individual seeking nomination, election, or appointment is a candidate. A candidate for election becomes a nominee after being formally nominated. See CANDIDATE. 2. A person designated to act in place of another, usu. in

nominee Read More »

funds transfer

funds transfer. A payment of money from one person or entity to another; esp., the process by which payment is made through a series of transactions between computerized banking systems, beginning with an originator’s payment order and ending when a final payment order is received by the beneficiary’s bank. • Commercial or wholesale funds transfers

funds transfer Read More »

vergens ad inopiam

vergens ad inopiam (v[schwa]r-jenz ad in-oh-pee-[schwa]m), adj. [Latin “verging on poverty”] Civil law. Tending to become insolvent. “When a debtor is clearly vergens ad inopiam, a creditor may legally resort to certain measures, for the purpose of protecting his interests, which would not otherwise be competent to him. Thus if the debtor be bound under

vergens ad inopiam Read More »

banking day

banking day. 1. Banking hours on a day when a bank is open to the public for carrying on substantially all its banking functions. • Typically, if the bookkeeping and loan departments are closed by a certain hour, the remainder of that day is not part of that bank’s banking day. 2. A day on

banking day Read More »

Scroll to Top