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  2. Comrs of Customs and Excise v Barclays Bank plc - Wikipedia

    en.wikipedia.org/wiki/Comrs_of_Customs_and...

    When it received the request, the bank replied that it would abide. But due to "operator error", the customer proceeded to empty all of the money from the account. Customs and Excise sued Barclays for the amount that was lost along with the interest. Barclays argued it had no duty of care, nor had it assumed responsibility.

  3. Late Payment of Commercial Debts (Interest) Act 1998

    en.wikipedia.org/wiki/Late_Payment_of_Commercial...

    Interest can accrue from the latest of 30 days after the goods are supplied or the service is completed, 30 days after receipt of invoice (or the customer is told the amount due is payable). the agreed date for payment. The "statutory interest" rate chargeable, which is simple and not compound, is the Bank of England base rate plus 8%. The ...

  4. Barclays Bank Ltd v Quistclose Investments Ltd - Wikipedia

    en.wikipedia.org/wiki/Barclays_Bank_Ltd_v_Quist...

    Rolls Razor Ltd owed £484,000 to Barclays Bank Ltd.It still needed more money to pay a dividend, which it had declared to its shareholders on 2 July 1964.Quistclose Investments Ltd agreed to a loan of £209,719 8s 6d on the conditions that the dividend would be paid with it and the money would be put in a separate account (also with Barclays Bank).

  5. Amortization schedule - Wikipedia

    en.wikipedia.org/wiki/Amortization_schedule

    This amortization schedule is based on the following assumptions: First, it should be known that rounding errors occur and, depending on how the lender accumulates these errors, the blended payment (principal plus interest) may vary slightly some months to keep these errors from accumulating; or, the accumulated errors are adjusted for at the end of each year or at the final loan payment.

  6. Barclays - Wikipedia

    en.wikipedia.org/wiki/Barclays

    Barclays International consists of Barclays Corporate and Investment Bank (formerly known as Barclays Capital) and the Consumer, Cards & Payments business. The investment banking business provides advisory, financing and risk management services to large companies, institutions and government clients.

  7. Barclays Bank plc v Quincecare Ltd - Wikipedia

    en.wikipedia.org/wiki/Barclays_Bank_plc_v_Quince...

    Barclays Bank plc v Quincecare Ltd [1992] 4 All ER 363 is a judicial decision of the High Court of Justice of England and Wales in relation to the banker-customer relationship, and in particular in connection with the bank's duties in relation to payment instructions from a customer's agent or purported agent which give rise, or ought to give rise, to a suspicion of fraud.

  8. Deposit premium - Wikipedia

    en.wikipedia.org/wiki/Deposit_premium

    A deposit premium is the amount of money required by an insurer to initiate a policy whose premiums aren't fixed, but are determined after the policy term by multiplying a premium rate by the amount of sales, payroll, or some other metric. The deposit amount is typically the estimate of what will be the final premium.

  9. Barclays Bank plc v O'Brien - Wikipedia

    en.wikipedia.org/wiki/Barclays_Bank_plc_v_O'Brien

    151 Farnham Lane, Slough, was in Mr and Mrs O’Brien’s names jointly.They had a £25,000 mortgage to a building society. Mr Tucker, who worked for Barclays Bank plc, when the mortgage was increased to £60,000 in 1981 made a note that Mrs O’Brien might be a problem.