The amount that a party may borrow from a banking institution. … [Read more...] about BANK CREDIT
B
BANKRUPT LAW
A law relating to bankrupts and the procedure against them in the courts. A law providing a remedy for the creditors of a bankrupt, and for the relief and restitution of the bankrupt himself. A bankrupt law is distinguished from the ordinary law between debtor and creditor, as involving these three general principles; (1) A summary and immediate seizure of all the debtor's … [Read more...] about BANKRUPT LAW
BALISE
Fr. In French marine law. A buoy. … [Read more...] about BALISE
BANALITY
In Canadian law. The right by virtue of which a lord subjects his vassals to grind at his mill, bake at his oven,.etc. Used also of the region within which this right applied. Guyot, Repert Univ. … [Read more...] about BANALITY
BANK DRAFT
A monetary instrument that is an order for money to be paid by the bank that has issued the order, payable when accepted by the issuing bank. … [Read more...] about BANK DRAFT