Risks that a banker incur in opening an account with trustee and executors
The person who performs the banking activities such as accepting of deposits, lending money, withdrawing facilities, exchanging of money is known as a banker. In…
Business
General principles that guide a banker in making loans to a customer
The person who performs the banking activities such as accepting of deposits, lending money, withdrawing facilities, exchanging of money is known as a banker. In…
Lien is an implied Pledge – Explanation
Lien is an implied Pledge – A lien is the right of a creditor in possession of goods, securities or any other assets belonging to…
Loan creates Deposit – Explain.
The loan creates Deposit – Loans create deposits. A bank makes a loan to a borrowing customer. Banks do not loan out deposits. When you…
Define Pledge and Hypothecation
Define Pledge and Hypothecation Pledge and Hypothecation terms are used for creating a charge on the assets which is given by the borrower to the…
Subprime Mortgage
Subprime Mortgage A subprime mortgage is a type of loan granted to individuals with poor credit histories (often below 600), who, as a result of…
Negotiable Instruments
Negotiable Instruments A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand or at a set time,…
Is there any difference between loans and advances?
Loans and advances are generally used for the same purpose; to obtain some extra funding during times of financial difficulties. One of the primary differences…
Banker’s Obligations to Customer
Banker’s Obligations to Customer Banks are essential for carrying on business nowadays. A customer makes lots of classified statements to his bank for purposes of…
Distinguish between holder and holder in due course
Holder refers to a person; we mean the payee of the negotiable instrument, who is in possession of it. S/he is someone who is entitled…
Load More