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GLOSSARY
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What does Banker mean?
The term banker may be defined in terms of the business activities of banks.
The statutory definition of banker which refers exclusively to 'banker' and not 'bank' can be found in the Bills of Exchange Act 1882 and the Cheques Act 1957. The banker is a person who: (1) accepts money from, and collects cheques for, his customers and places them to his credit; (2) honours cheques or orders drawn on him by his customers when presented for payment and debits his customers accordingly; and (3) keeps current accounts in his books in which the credits and debits are entered.
There are many other types of transactions which may be considered to be within the ambit of bankers and many other types of transactions are taken by current banks. These include the payment, discounting and collection of bills; money transfers; the issue of letters of credit and performance bonds; the operation of credit and cash card systems; the issue of certificates of deposit and other commercial paper; the custody of valuables; and the issue of travellers' cheques. The
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Financial Services News and News Analysis—Brexit toolkit Financial Services Brexit News and News Analysis Date News/News Analysis Description 29...
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Discover our 54 Practice Notes on Banker
View the related precedents about Banker
Supplemental legal mortgage for real property: single company mortgagor—bilateral—specific monies
Supplemental legal mortgage for real property: single company mortgagor—bilateral—specific monies This Deed is made on [date] Parties 1 [insert...
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Ireland—Confidentiality agreement—property transaction
Ireland—Confidentiality agreement—property transaction In a proposed sale of land, particularly land with development potential, there may be some financial and/or...
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Dive into our 19 Precedents related to Banker
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In order to satisfy the bankers’ duty of confidence to customers which are business entities, must a bank provide notice to such customers setting out its uses of customer's business information (ie non-personal data) that is acquired in the course of the banker/customer relationship?
In order to satisfy the bankers’ duty of confidence to customers which are business entities, must a bank provide ...
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When can a guarantor voluntarily revoke its liability under a guarantee?
When can a guarantor voluntarily revoke its liability under a guarantee? Guarantees are a contractual arrangement where one party (the...
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See the 5 Q&As about Banker
View the related News about Banker
Hayes gets lifeline in bid to overturn Libor conviction
Law360: An English appellate court on 21 May 2024 opened the door for two traders convicted of manipulating benchmark interest...
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Ex-Barclays, Citi traders lose interest rate-rigging appeals
Law360: Two former traders convicted of manipulating benchmark interest rates lost their bid to clear their names on 27 March...
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Read the latest 256 News articles on Banker
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