B

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

The act of being bankrupt. This usually refers to the legal proceeding which relieves debtors from responsibility of debt payments who cannot meet them and also provides protection while attempting to repay the debts. Bankruptcy proceedings take on two forms: (i) liquidation, where debts are discharged or canceled completely and which is also known as Chapter 7 of the … [Read more...] about BANKRUPTCY

In the civil law. A teacher; one who has the care of youth; a tutor; a guardian. Du Cange; Spelman. … [Read more...] about BALIUS

Bench; the seat of judgment; the place where a court permanently or regularly sits. The full bench, full court A "sitting in banc" is a meeting of all the judges of a court, usually for the purpose of hearing arguments on demurrers, points reserved, motions for new trial, etc., as distinguished from the sitting of a single judge at the assises or at nisi prius and from trials … [Read more...] about BANC

A holiday date when banking institutions are closed. … [Read more...] about BANK HOLIDAY