Category: Financial Law

  • Banker

    Definition of Banker A person who receives the money of his customers on deposit, and pays it out again in a manner agreed upon. The relation between banker and customer is that of debtor and creditor (with a superadded obligation arising out of the custom of bankers to honour the drafts of […]

  • Advance

    Definition of Equitable Doctrine Of Advancement If a purchase or investment is made by a father, or person in loco parentis, in the name of a child, a presumption arises that it was intended as an advancement (that is, for the benefit of the child), so as to rebut what would otherwise be the […]