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Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

A custom of bankers of entering on the customer's pass-book the amount of notes deposited for collection, in such a manner that the amount is not carried to the latter's general balance until the notes are paid.

See Giles v. Perkins, 9 East, 12; Blaine v. Bourne, 11 R. I. 12L 23 Am. Rep. 429.