account in bank

1 definition found

account in bank - Bouvier's Law Dictionary, Revised 6th Ed (1856) :

  ACCOUNT IN BANK, com. law. 1: A fund which merchants, traders and others
  have deposited into the common cash of some bank, to be drawn out by checks
  from time to time as the owner or depositor may require.  2. The statement
  of the amount deposited and drawn, which is kept in duplicate, one in the
  depositor's bank book, and the other in the books of the bank.