Legal Term Dictionary

Ital. See BANC. A seat or bench of justice; also. In commerce, a word of Italian origin signifying a bank.

Ital. See BANC. A seat or bench of justice; also. In commerce, a word of Italian origin signifying a bank. Less...

L. Lat In old English law and practice. A bench or seat in the king's hall or palace. Fleta, lib. 2, c. 16, § 1. A high seat, or seat of distinction; a seat of judgment, or tribunal for the administration of justice. The English court of common pleas was More...

L. Lat In old English law and practice. A bench or seat in the king's hall or palace. Fleta, lib. 2, c. 16, § 1. A high seat, or seat of distinction; a seat of judgment, or tribunal for the administration of justice. The English court of common pleas was formerly called "Bancus" A sitting in banc; the sittings of a court with its full judicial authority, or in full form, as distinguished from sittings at nisi prim. A stall, bench, table, or counter, on which goods were exposed for sale. Cowell. -Bancus reginse. The queen's bench. See QUEEN'S BENCH.-Bancus reals. The king's bench; the supreme tribunal of the king after parliament. 3 Bl. Comm. 41.-Bancus superior. The upper bench. The king's bench was so called during the Protectorate. Less...

In old Scotch law. A proclamation calling out a military force.

In old Scotch law. A proclamation calling out a military force. Less...

An outlaw; a man banned, or put under a ban; a brigand or robber. Banditti, a band of robbers.

An outlaw; a man banned, or put under a ban; a brigand or robber. Banditti, a band of robbers. Less...

A malefactor. Bract. 1. 1, t 8, c. 1. Also a public denunciation of a malefactor; the same with what was called "hutesium," hue and cry. Spelman.

A malefactor. Bract. 1. 1, t 8, c. 1. Also a public denunciation of a malefactor; the same with what was called "hutesium," hue and cry. Spelman. Less...

In English law. A knight made in the field, by the ceremony of cutting off the point of his standard, and making it, as it were, a banner. Knights so made are accounted so honorable that they are allowed to display their arms in the royal army, as barons do, More...

In English law. A knight made in the field, by the ceremony of cutting off the point of his standard, and making it, as it were, a banner. Knights so made are accounted so honorable that they are allowed to display their arms in the royal army, as barons do, and may bear arms with supporters. They rank next to barons; and were sometimes called "vexillariu" Wharton. Less...

Deodands, (q. v.)

Deodands, (q. v.) Less...

In criminal law. A punishment inflicted upon criminals, by compelling them to quit a city, place, or country for a specified period of time, or for life. See Cooper v. Telfair, 4 Dall. 14, 1 L. Ed. 721; People v. Potter, 1 Park. Cr. R. (N. Y.) 54. It is More...

In criminal law. A punishment inflicted upon criminals, by compelling them to quit a city, place, or country for a specified period of time, or for life. See Cooper v. Telfair, 4 Dall. 14, 1 L. Ed. 721; People v. Potter, 1 Park. Cr. R. (N. Y.) 54. It is inflicted principally upon political offenders, "transportation" being the word used to express a similar punishment of ordinary criminals. Banishment, however, merely forbids the return of the person banished before the expiration of the sentence, while transportation involves the idea of deprivation of liberty after the convict arrives at the place to which he has been carried. Rap. & L. Less...

1. A bench or seat; the bench or tribunal occupied by the judges; the seat of judgment; a court. The full bench, or full court; the assembly of all the judges of a court. A "sitting in bank" Is a meeting of all the judges of a court, usually for More...

1. A bench or seat; the bench or tribunal occupied by the judges; the seat of judgment; a court. The full bench, or full court; the assembly of all the judges of a court. A "sitting in bank" Is a meeting of all the judges of a court, usually for the purpose of hearing arguments on demurrers, points reserved, motions for new trial, etc., as distingished from the sitting of a single judge at the assises or at nisi prius and from trials at bar. But, in this sense, banc is the more usual form of the word. 2. An institution, of great value in the commercial world, empowered to receive deposits of money, to make loans, and to issue its promissory notes, (designed to circulate as money, and commonly called "bank-notes" or "bank-bills,") or to perform any one or more of these functions. The term "bank" is usually restricted in its application to an incorporated body; while a private individual making it his business to conduct banking operations is denominated a "banker." Hobbs v. Bank, 101 Fed. 75, 41 C. C. A. 205; Kiggins v. Monday, 19 Wash. 233, 52 Pac. 855; Romlnger v. Keyes, 73 Ind. 377; Oulton v. Loan Soc, 17 Wall. 117, 21 I Ed. 618; Hamilton Nat. Bank v. American I. A T. Co.. 66 Neb. 67. 92 N. W. 190; Wells, Fargo A Co. v. Northern Pac. R. Co. (C. C.) 23 Fed. 469. Also the house or place where such business is carried on. Banks in the commercial sense are of three kinds, to-wit: (1) Of deposit; (2) of discount; (3) of circulation. Strictly speaking, the term "bank" implies a place for the deposit of money, as that is the most obvious purpose of such an institution. Originally the business of banking consisted only in receiving deposits, such as bullion, plate, and the like, for safe-keeping until the depositor should see fit to draw it out for use, but the business, in the progress of events, was extended, and bankers assumed to discount bills and notes, and to loan money upon mortgage, pawn, or other security, and. at a still later period, to issue notes of their own, intended as a circulating currency and a medium of exchange, Instead of gold and silver. Modern bankers frequently exercise any two or even all three of those functions, but it is still true that an institution prohibited from exercising any more than one of those functions is a bank, In the strictest commercial sense. Oulton v. German Sav. & L. Soc, 17 Wall. 11& 21 L. Ed. 618; Rev. St. U. S. § 3407 (U. S. Comp. St. 1901, p. 2246). 3. An acclivity; an elevation or mound of earth; usually applied in this sense to the raised earth bordering the sides of a watercourse. -Bank-account. A sum of money placed with a bank or banker, on deposit, by. a customer, and subject to be drawn out on the latter* check.. The statement or computation of the several sums deposited and those drawn out by the customer on checks, entered on the books of the bank and the depositor's pass-book. Gale v. Drake, 51 N. H. 84.-Bank-bill. A promissory note issued by a bank, payable to the bearer on demand, and designed to circulate as money. Townsend v. People. 4 111. 328; Low v. People. 2 Park. Cr. R. (N. Y.) 37: State v. Hays, 21 Ind. 176; State v. Wilkins, 17 Vt 155.-Bank-book. A book kept by a customer of a bank, showing the state of his account with' it.-Bank-check. See CHECK.-Banker edits. Accommodations allowed to a person on security given to a bank, to draw money on it to a certain extent agreed upon.-Banknote. A promissory note issued by a bank or authorized banker, payable to bearer on demand, and intended to circulate as money. Same as BANK-BILL, supra.-Bank of issue. One authorized by law to issue its own notes intended to circulate as money. Bank v. Gruber, 87 Pa. 471, 30 Am. Rep. 378.-Bank-stock. Shares in the capital of a bank ; shares in the property of a bank.-Bank teller. See TELLER.- Joint-stock banks. In English law. Joint-stock companies for the purpose of banking. They are regulated, according to the date of their incorporation, by charter, or by 7 Geo. IV. c. 46; 7 & 8 Vict. cc. 32, 113; 9 & 10 Vict, c. 45, (in Scotland and Ireland;) 20 & 21 Vict, c 49; and 27 A 28 Vict. c. 32: or by the "Joint-Stock Companies Act, 1862," (25 & 26 Vict. c. 89.) Wharton.-Savings bank. An institution in the nature of a bank, formed or established for the purpose of receiving deposits of money, for the benefit of the persons depositing, to accumulate the produce of so much thereof as shall not be required by the depositors, their executors or administrators, at compound interest and to return the whole or any part of such deposit and the produce thereof, to the depositors, their executors or administrators, deducting out of such produce so much as shall be required for the necessary expenses attending the management of such institution, but deriving no benefit whatever from any such deposit or the produce thereof. Grant. Banks, 546; Johnson v. Ward, 2 111. App. 274; Com. v. Reading Sav. Bank. 133 Mass. 16. 19. 43 Am. Rep. 495; National Bank of Redemption v. Boston, 125 U. S. 60, 8 Sup. Ct 772. 31 L. Ed. 689; Barrett v. Bloomfield Sav. Inst, 64 N. J. Eq. 425, 54 Atl. 543. Less...

In mercantile law. Notes, checks, bank-bills, drafts, and other securities for money, received as cash by the banks. Such commercial paper as is considered worthy of discount by the bank to which it is offered is termed "bankable." Allls Co. v. Power Co., 9 S. D. 459, 70 N. W. More...

In mercantile law. Notes, checks, bank-bills, drafts, and other securities for money, received as cash by the banks. Such commercial paper as is considered worthy of discount by the bank to which it is offered is termed "bankable." Allls Co. v. Power Co., 9 S. D. 459, 70 N. W. 650. Less...