Banker Definition | Legal Glossary | LexisNexis (2024)

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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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FCA enforcement essentials—investigations

FCA enforcement essentials—investigations Lexis+® UK Financial Services FCA/PRA Enforcement Database: This incorporates detailed information on all substantive...

Financial Services News and News Analysis—Brexit toolkit

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Discover our 54 Practice Notes on Banker

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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 ...

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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Banker Definition | Legal Glossary | LexisNexis (2024)

FAQs

What is the definition of legal terminology? ›

Legal terminology, also known as legal jargon, is the language utilized by legal professionals. Jargon is a specialized language used in a particular profession or area of expertise.

What is a judge's decision called? ›

judgment - The official decision of a court finally determining the respective rights and claims of the parties to a suit.

What does defendant mean in legal terms? ›

Defendant. In a civil case, the person or organization against whom the plaintiff brings suit; in a criminal case, the person accused of the crime.

What not to say in court? ›

Don't mumble; speak loudly enough to be heard by everyone in the room. Don't lie about anything, not even white [small] lies. If you are discovered to be lying, the judge may find it hard to believe you when you are telling the truth. Don't argue with the questioner.

What do lawyers say when they don't agree? ›

Objection. Objection to the form, your Honor. Objection, your Honor, leading. Overruled.

What does "voir dire" mean literally? ›

The phrase "Voir Dire" literally means, "to speak the truth." In court, it refers to a process of determining whether a juror can serve fairly and impartially in a given case by asking the juror various questions.

What are Legalese terms? ›

Legalese informally refers to specialized terminology and phrasing used by those in the legal field and within legal documents.

What is the vocabulary of legal definition? ›

Legal means having to do with the law, or following the law.

What is it called when lawyers argue? ›

Argument: Closing Statements, the presentation of the review of the evidence and summation by the parties at the end of the case, after all of the evidence is presented and both parties have rested.

What is the winner called in court? ›

If you are the suing party and win, it is called a plaintiff's verdict. A verdict for the defending party is called a defense verdict. A split verdict is where each party wins some claim or claims.

What is evidence called in court? ›

Evidence: Any proof legally presented at trial through witnesses, records, and/or exhibits. Exhibit: A document or an object shown and identified in court as evidence in a case.

What does Ctrl mean in disposition? ›

CTRL might mean court trial or court release.

What does exculpatory mean? ›

exculpatory • \ek-SKUL-puh-tor-ee\ • adjective. : tending or serving to clear from alleged fault or guilt.

What is the person who commits a crime called in court? ›

Defendant: A person who has been formally charged by a court with committing a specific crime.

What words to use when talking to a judge? ›

If you are appearing before a tribunal or panel of judges, use the term “your honor” when speaking directly to an individual judge or use the judge's specific title if you need to make it clear which judge you are speaking to or about.

What dictionary do courts use? ›

The two most commonly used legal dictionaries are Black's Law Dictionary and Ballentine's Law Dictionary.

What does a judge say when giving a sentence? ›

The judge will usually express their opinion of the defendant in the context of the case. They may also detail any aggravating or mitigating factors that affect the sentence that they are about to impose. At that point, the judge will announce the sentence to the court for each count.

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