Collected balance test

Collected balance test

Definition

A rule applied in determining the lowest intermediate balance in an account subject to a constructive trust that only looks at the total funds on deposit without considering any holds that are placed on new deposits.

Get full access FREE

With a 7-Day free trial membership
Here's why 735,000 law students have relied on our key terms:
  • A complete online legal dictionary of law terms and legal definitions
  • Over 7,900 key terms written in plain English to help you not only understand the law but master it
  • The premier online law dictionary built specifically for law students
  • Easy access in class or on the go, accessible both online and through the Quimbee mobile app
  • Reliable - written by legal professors and practitioners
  • Get instant access to all related rules of law to any specific key term with a Quimbee Study Aid plan

Get full access FREE

With a 7-Day free trial membership