Right of Appropriation (Clayton's Rule)

PPB Different Modes of Charging Securities Free JAIIB Capsule 21 views Updated
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PPB · Different Modes of Charging Securities
In a running account like Cash Credit, how does the 'Right of Appropriation' work when a borrower makes a deposit without specific instructions?
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In a running account like Cash Credit, how does the 'Right of Appropriation' work when a borrower makes a deposit without specific instructions?

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This capsule covers Principles & Practices of Banking, Different Modes of Charging Securities. Members get the complete explanation plus every other premium capsule, mock test and PDF.

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