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O. Eng. Bankrupt; insolvent; indebted beyond the means of payment … [Read more...] about BANKEROUT

A statement made by merchants and others to show the true state of a particular business. A balance sheet should exhibit all the balances of debits and credits, also the value of merchandize, and the result of the whole. … [Read more...] about BALANCE SHEET

In the law of elections. A slip of paper bearing the names of the offices to be filled at the particular election and the names of the candidates for whom the elector desires to vote; it may be printed,, or written, or partly printed and partly written, and is deposited by the voter in a "ballot box" which is in the custody of the officers holding the election. Opinion of … [Read more...] about BALLOT

com. law. 1. A place for the deposit of money. 2. An institution, generally incorporated, authorized to receive deposits of money, to lend money, and to issue promissory notes, usually known by the name of bank notes. 3. Banks are said to be of three kinds, viz : of deposit, of discount, and of circulation; they generally perform all these operatious. Law Dictionary - … [Read more...] about BANK

(Bankers' Note) contracts. In England a distinction is made between bank notes, and bankers' notes. The latter are promissory notes, and resemble bank notes in every respect, except that they are given by persons acting as private bankers. … [Read more...] about BANKERS NOTE