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The beneficiary bank can add an additional crossing to allow another bank, who are acting as their agent in collecting payment on cheques, to be paid the cheque on their behalf. The example is "State Bank of India". In these cases, the respective restrictions mandate to pay the cheque through State Bank of India (acting as collecting banker) only.
It was called Patek Philippe Henry Graves Supercomplication.Designed and built by Patek Philippe, it was an ultra-complicated (24 functions) pocket watch.Graves spent 60,000 Swiss francs (USD $15,000) (equivalent to $353,059 in 2023), [5] nearly five times the price paid by Packard.
See banker's mark. church tokens. Also called Communion tokens. Tokens generally issued initially by Scottish parishes (die stamped one-side only to show the parish) and later in the United States and Canada. They were square or oblong, made of lead, iron or brass and measured 1/4" to 1". [4] circulated A term used to indicate a coin that has wear.
Cheque clearing (or check clearing in American English) or bank clearance is the process of moving cash (or its equivalent) from the bank on which a cheque is drawn to the bank in which it was deposited, usually accompanied by the movement of the cheque to the paying bank, either in the traditional physical paper form or digitally under a cheque truncation system.
Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their ...
Under English common law, a banker is defined as a person who carries on the business of banking by conducting current accounts for their customers, paying cheques drawn on them and also collecting cheques for their customers. [25] Banco de Venezuela in Coro. Branch of Nepal Bank in Pokhara, Western Nepal.
Cashier's cheques and banker's drafts, also known as bank cheques, banker's cheques or treasurer's cheques, are cheques issued against the funds of a financial institution rather than an individual account holder. Typically, the term cashier's check is used in the US and banker's draft is used in the UK and most of the Commonwealth. The ...
Collectors often cherish these items for the nostalgia they evoke, linking them to fond childhood memories. One clear example: This 1959 first-edition Barbie that sold for $27,450 at auction in 2023.