Credit guarantees for Overdraft
Section: RESEARCH
Abstract
Original in all bank financing contracts and especially the contract of credit for an overdraft. They are built and established on personal considerations, in the sense that they are based on trust, that is, the trust of the bank in its client. However, the amount of this trust varies from one transaction to another according to their circumstances and nature. In view of the change in the standard of trust, the bank generally requires the person requesting the credit to provide him/her with guarantees to grant him/her credit for an overdraft to be implemented by the bank or use the case of the customer's delay or failure to pay.
References
- II. Messages, research and articles:1 - Ahmed Al-Kubaisi, the policy of lending in banks, research published in the Journal of Commerce and Industry, issued by the Chamber of Commerce and Industry Qatar, the twenty-first edition, third year, Qatar, 1996.2 - Samira Abdullah, period of suspicion, Master, Council of the Faculty of Law, University of Baghdad, 1998.3. Abdul Hamid Abu Musa, Treatment of Troubled Debts, article published on the World Wide Web (WWW) at WWW. IK. Ahram. org.4- Nusseibeh Ibrahim Hamo, Letter of Guarantee, Study in Iraqi Law, Master Thesis, Faculty of Law and Politics, University of Baghdad, 1978.
- Laws and Reports:1. Iraqi Civil Code No. 40 of 1950.2. Iraqi Trade Law No. 149 of 1970.3- Iraqi Trade Law No. 30 of 1984.4. The Egyptian Civil Code No. 131 of 1948.5- Egyptian Trade Law No. 17 of 1999.Jordanian Trade Law No. 12 of 1966.7. Jordanian Civil Law No. 43 of 1976.8. The Central Bank of Jordan, Thirty-first Annual Report, 1994.9. The Central Bank of Jordan, Thirty-third Annual Report, 1996.10. The Central Bank of Jordan, Thirty-fourth Annual Report, 1997.11. The Central Bank of Jordan, Thirty-fifth Annual Report, 1998.