Definitions

from the GNU version of the Collaborative International Dictionary of English

  • n. a credit by which a person who has given the required security to a bank has liberty to draw to a certain extent agreed upon.
  • n. See under Cash.

from The Century Dictionary and Cyclopedia

  • n. A credit with a bank, by which, on proper security given to the bank, a person receives liberty to draw to a certain extent agreed upon: in Scotland also called a cash-account. Such credits were long a distinctive feature of Scotch banking.

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