Chequing account legal definition of Chequing account
Current Account (redirected from Chequing account)
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A detailed financial statement representing the debit and credit relationship between two parties that has not been finally settled or paid because of the continuous, ongoing dealings of the parties.
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive
* Unlike normal chequing accounts
if the balance in High Performance Account falls below the minimum on any one day then the profit does not accrue for that particular day and the customer is not penalised for the whole month.
open a chequing account
) is multiplied by the applicable ABC unit rate (e.g.
Like most banks, Mashreq offers a free chequing account
that requires a monthly balance of Dh3,000.