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LSDefine

Simple English definitions for legal terms

bankable paper

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A quick definition of bankable paper:

Bankable paper refers to any written or printed document that can be used as a negotiable instrument to evidence a debt. This includes notes, checks, bank bills, drafts, and other instruments that are received as cash by banks. It is important to note that bankable paper can be used as a form of payment and can be transferred from one person to another.

A more thorough explanation:

Bankable paper refers to any written or printed document that can be used as a negotiable instrument to evidence a debt. This includes commercial documents like notes, checks, bank bills, and drafts that are considered as a group. These documents are received as cash by banks and are known as bankable paper.

For example, when a company issues a check to another company, the check becomes a bankable paper that can be deposited into the recipient's bank account. Similarly, when a person writes a promissory note to borrow money from a bank, the note becomes a bankable paper that can be traded or sold to another party.

Bankable paper is important in the financial industry because it allows for the transfer of funds without the need for physical cash. Banks and other financial institutions rely on bankable paper to facilitate transactions and manage their cash flow.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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