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Ital. See Banc. A seat or bench of justice; also, in commerce, a word of Italian origin signifying a bank. Law Dictionary - Alternative Legal Definition A commercial term, adopted from the Italian, used to distinguish bank money from the common currency; as $1000. … [Read more...] about BANCO

The process of confirming that bank and interntal accounting records match and are the same. … [Read more...] about BANK RECONCILIATION

Also referred to as personal bankruptcy or consumer bankruptcy. A Chapter 13 bankruptcy proceeding which allows a debtor who has a sufficient amount of income to pay a portion of their debt owed over the course of 3-5 years. Debtors get to keep their property but must promptly make payments according to a monthly repayment plan. At the end of the plan, if all payments are made … [Read more...] about BANKRUPTCY CHAPTER 13

In marine insurance. There is considerable analogy between ballast and dunnage. The former Is used for trimming the ship, and bringing it down to a draft of water proper and safe for sailing. Dunnage is placed under the cargo to keep it from being wetted by water getting into the hold, or between the different parcels to keep them from bruising and injuring each other. Great … [Read more...] about BALLAST

Ll Latin: In old English law and practice. A bench or seat in the king's hall or palace. Fleta. lib. 2, c. 16, … [Read more...] about BANCUS