Legal Definitions - bank bill

A bank bill is another term for a banknote, which is a piece of paper money issued by a bank. A bankbook is a record of a person's account with a bank, also known as a passbook. A bank charter is a legal document that allows a bank to operate. Bank credit refers to the amount of money a bank is willing to lend to a customer. Bank discount is the interest that a bank charges in advance on a loan. A banker is a person who works in the banking industry. If someone is bankerout, it means they are bankrupt and cannot pay their debts.