Banking

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 –  A lien is the right of a creditor in possession of goods, securities or any other assets belonging to…

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 Pledge and Hypothecation terms are used for creating a charge on the assets which is given by the borrower to the…

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 A negotiable instrument is a document guaranteeing the payment of a specific amount of money, either on demand or at a set time,…

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 Banks are essential for carrying on business nowadays. A customer makes lots of classified statements to his bank for purposes of…

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…

Garnishee Order is a common form of enforcing a judgment debt against a creditor to recover money. It can allow the judgment creditor to recover…