Liability Ledger

Liability Ledger
The central file that contains a comprehensive list of all of a bank's loans and borrower discounts. This ledger can be subordinate to a bank's general ledger accounting system that is stored on computer. The liability ledger is stored in the bank's loan department.

The sum total of all of the loans on a bank's liability ledger constitute the majority of a bank's earning assets. If the liability ledger is not computerized, then it is stored on individual ledger cards for each customer. However, this practice has become largely obsolete.


Investment dictionary. . 2012.

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