 | United States. Congress. House. Committee on Banking and Currency - 1959 - 344 pages
...against actually existing values and the discount of commercial or business paper of solvent parties, actually owned by the person negotiating the same, shall not be considered as money borrowed by him : Provided, That loans secured by collateral security having an ascertained market value of... | |
 | Michigan. State Banking Dept - 1910 - 648 pages
...discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, and which, in my opinion, should be strictly construed and should be held to apply to no transaction... | |
 | Geoffrey Jones - 1991 - 214 pages
...be endangered by discounting large amounts for a single firm.36 The second exception, 'the discount of commercial or business paper actually owned by the person negotiating the same', is similarly instructive. Such persons were mainly expected to be professional brokers, whose growing... | |
 | Naomi R. Lamoreaux - 1996 - 196 pages
...be endangered by discounting large amounts for a single firm. 34 The second exception, "the discount of commercial or business paper actually owned by the person negotiating the same," is similarly instructive. The provision applied mainly to professional brokers, whose growing presence... | |
 | Philippines - 2000 - 494 pages
...discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, including, but not limited to, the acquisition of export bills from any of its DOSRI which are drawn... | |
 | Lance E. Davis, Robert E. Gallman - 2001 - 1002 pages
...be endangered by discounting large amounts from a single firm. The second exemption, "the discount of commercial or business paper actually owned by the person negotiating the same," is similarly instructive. Such persons were normally expected to be professional brokers, whose growing... | |
 | Philippines - 2004 - 314 pages
...paragraph of this section and shall be subject to the ten percent (10%) limitation provided therein. 1. Commercial or business paper actually owned by the person negotiating the same shall mean a paper arising from an actual business transaction. A trade acceptance or promissory note actually... | |
 | 1916 - 814 pages
...discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same snail not be considered as money borrowed. A member bank may, therefore, acquire from the same person... | |
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But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. 
