Black's Law Dictionary states that a closed account "still remains open for adjustments and setoffs." How can I go about using a closed account for such purposes?
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You've misread the intent of the language. A closed account isn't available for any more activity by the customer, but the bank may have adjustments (such as a charged back check that was deposited earlier, or other adjustment that's due the customer or the bank). It can't be used for any other purpose.
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You've misread the intent of the language. A closed account isn't available for any more activity by the customer, but the bank may have adjustments (such as a charged back check that was deposited earlier, or other adjustment that's due the customer or the bank). It can't be used for any other purpose.
