SHORT ENTRY

A term used among bankers, which takes, place when a note has been sent to a bank for collection, and an entry of it is made in the customer’s bank book, stating the amount in an inner column, and carrying it out into the accounts between the parties when it has been paid. 2. A bill of this kind remains the property of the depositor. 3. A custom of bankers of entering on the customer’s pass-book the amount of notes deposited for collection, in such a manner that the amount is not carried to the latter’s general balance until the notes are paid.