Bank Credit
Legal Definition and Related Resources of Bank Credit
☑️ This definition is part of the content of Lawi's courses, guides, tools and other solutions and the world's leading and largest online law dictionary. It offers legal definitions, synonyms, word origins, translations, meanings, example sentences, and more. It is considered a trusted authority, a broad glossary of legal terms and an unsurpassed guide for professionals, students and researchers in any discipline related to law and, in general, to the social sciences. Do you like what you read? Can I ask a favor from you? Like and share it with your family and friends so that others can discover it too. If you have been forwarded this text, please subscribe here.
Meanings, Synonyms, Etymology, Translations and More
Meaning of Bank Credit
A signed writing by which a bank engages to honor drafts drawn pursuant to its terms and includes an authority to pay or to purchase such a draft and a bank making such an engagement is an issuer.
Related Entries of Bank Credit in the Lawi Project
Browse or run a search for Bank Credit in the legal resources (including dictionaries and American law definitions), the Asian legal platform, the European law platform, the British legal resources or the Latin American and Spanish platform and publications (Lawi) about law in the world.
Bank Credit in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Bank Credit in historical law and the evolution of legal systems (study).
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Bank Credit in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
What does Bank Credit mean in American Law?
The definition of Bank Credit in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
A right granted by a bank to a customer enabling him to borrow up to a certain stipulated limit without individually negotiating each loan. See also overdraft.