Account in bank

ACCOUNT IN BANK, com. law. 1: A fund which merchants, traders and others have deposited into the common cash of some bank, to be drawn out by checks from time to time as the owner or depositor may require. 2. 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.

References in periodicals archive ?
Firm If Have Account In Bank Without E Payment Enables, They Should Open Account In Bank With E-Payment Facility.