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LSDefine

Simple English definitions for legal terms

fraudulent banking

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A quick definition of fraudulent banking:

Term: Fraudulent Banking

Definition: Fraudulent banking occurs when a banker knowingly accepts a deposit even though they are aware that the bank is unable to pay back the money. This is like someone taking your money and promising to give it back, but they know they can't keep that promise. It is wrong and illegal.

A more thorough explanation:

Definition: Fraudulent banking refers to the act of a banker knowingly accepting a deposit when they are aware that the bank is insolvent, or unable to meet its financial obligations.

Example: A customer deposits $10,000 into their savings account at a local bank. The banker who accepts the deposit knows that the bank is in financial trouble and may not be able to return the customer's money if they were to request a withdrawal. This is an example of fraudulent banking.

Explanation: In this example, the banker is aware that the bank is insolvent and cannot meet its financial obligations. By accepting the deposit, the banker is committing fraud and putting the customer's money at risk. This type of behavior is illegal and can result in severe consequences for the banker and the bank.

fraudulent alienee | fraudulent claim

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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