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BANKABLE Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

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.” Allis Co. v. Power Co., 9 S. D. 459, 70 N. W. 650.

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