Legal Question in Banking Law in
What is meaning of banking term "Exceeds Arrangement"?
Asked on 8/24/10, 1:31 am
3 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
dishonored due to insufficient funds.
Answered on 8/24/10, 5:54 am
Aniruddha Pawse
Aniruddha.P.Pawse Advocates
it means that the funds are not arranged for honouring the chq
Answered on 8/24/10, 9:20 pm
J. Radhakrishnan
independent Practice
that means if you have a cash credit or overdraft limit of drawings in your account and when the cheque is presented, the limit granted has already been exhausted/drawn and the cheque is now in excess of the credit arrangement.
Answered on 8/28/10, 7:59 am
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