ACCOUNT IN BANK

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ACCOUNT IN BANK

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 checksfrom time to time as the owner or depositor may require. 2. The statementof the amount deposited and drawn, which is kept in duplicate, one in thedepositor's bank book, and the other in the books of the bank.

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