bank account

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bank account

a contract between a customer and a bank whereby the bank obliges itself to honour cheques up to the amount deposited with the bank or up to an agreed overdraft limit. The overdraft is effectively a loan.

Collins Dictionary of Law © W.J. Stewart, 2006

References in periodicals archive ?

Judge Muhammad Asghar Khan, while hearing the case on Tuesday, expressed displeasure over the Federal Investigation Agency's (FIA) failure to share details of transactions in frozen bank accounts of the former president with the court despite the passage of two years.

Court seeks details of Musharraf's frozen bank accounts till October 7

The Economic and Financial Crimes Commission (EFCC) said it has frozen three bank accounts linked to the immediate past Governor of Lagos State, Akinwunmi Ambode, containing a total of N9.9 billion.

EFCC Freezes N9.9bn In Lagos Bank Accounts Linked To Ex-Gov Ambode

Take the case of Dubai expat, Narendra Garjria whose Dh1 million was blocked in his UAE bank accounts after his wife, Heena died at a young age of 47.

Dubai expat Narendra Gajria lost his wife, Dh1 million savings blocked in banks

Hence, all such declarant's are required to retain cash in their bank accounts till 03rd July, 2019.

Condition of retaining cash, foreign currency and liquid assets not repatriated extended till July 3

ISLAMABAD -- National Accountability Bureau (NAB) will present Faryal Talpur before an accountability court in a fake bank accounts case, on Monday (today)

Fake accounts case: NAB to present Faryal Talpur before court today

ISLAMABAD -- Important development in fake bank accounts case as the National Accountability Bureau (NAB) has submitted list of 17 witnesses in the court, media reported on Wednesday.

Fake bank accounts case: NAB submits list of 17 witnesses in court

The Federal Board of Revenue (FBR) on Friday barred its field formations from freezing bank accounts of taxpayers without prior intimation aimed at minimising harassment of taxpayers, particularly at a time of shortfall in tax revenues.

FBR stops freezing of bank accounts without his nod

ISLAMABAD -- The Federal Board of Revenue (FBR) on Friday barred its field formations from freezing bank accounts of taxpayers without prior intimation aimed at minimizing harassment of taxpayers, particularly at a time of shortfall in tax revenues.

FBR won't freeze accounts for tax collection without prior notice

The regulations require full disclosure and proof of the source of funds by customers prior to crediting their bank accounts.

Kobia sues CBK over new transaction rules

ISLAMABAD -- The National Accountability Bureau (NAB) has submitted its second progress report over probe on fake bank accounts case in Supreme Court (SC) of Pakistan.

NAB submits 2nd progress report in SC on fake bank accounts case

It is pertinent to mention that PECO managing director had also written a letter to the Lahore inspector general of police (operations), alleging that PECO's former chief finance officer along with the former deputy general manager 'had stolen the chequebooks of the company's official bank accounts' and the company was unable to make payments to its suppliers and workers.