LEGAL CONTENT OF THE CONCEPTS PREVENTING OF BANKRUPTCY AND RESTORATION OF SOLVENCY OF THE COMMERCIAL BANK

Being the special subject of the entrepreneurial activity, the commercial bank takes the place in the bank system, which together with other banks forms the system itself; the bank actually implements the monetary relations between participants of the financial-economic turnover. The incapacity of the commercial bank to timely and fully fulfill transfers, and moreover payments of taxes, from the clients’ accounts into the budgetary system, or return of somebody else’s money, is disastrous and not admitted, since such insolvency is multiplied because of the inclusion of each bank into the system and causes multiplied material damage to the bank contractors. The author has substantiated his own interpretations of the terms carried out into the title of the article.

bank, bankruptcy, warning/preventing, solvency, restoration, system, contractors, transfers, taxes, turnover, debts, insolvency