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ACCOUNT IN BANK

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

com. law. 1: A fund which merchants, traders and others have deposited into the common cash of some bank, to be drawn out by checks from time to time as the owner or depositor may require. 2: The statement of the amount deposited and drawn, which is kept in duplicate, one in the depositor’s bank book, and the other in the books of the bank.

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