Philippine Batas Pambansa Blg. 22 Sec. 4: "Credit" defined

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Statute: Philippine Batas Pambansa Blg. 22
Article: Sec. 4
Topic: "Credit" defined
Status: In force
Year: 1979

The provision

Section 4. Credit construed. - The word "credit" as used herein shall be construed to mean an arrangement or understanding with the bank for the payment of such check.

Intellegal Wiki · In plain terms

Section 4 defines 'credit' for the purposes of this Act as an arrangement or understanding with the bank for the payment of the check. The definition matters because Section 1 penalises the absence of sufficient funds *or credit* — a drawer with an arrangement covering the check is outside the section even with a low balance.

An editorially maintained plain-language explanation of this provision — not legal advice.

Related provisions

B.P. 22, Sec. 1 The acts penalized and the penalty
B.P. 22, Sec. 2 Prima facie evidence of knowledge of insufficient funds
B.P. 22, Sec. 3 Duty of the drawee bank; rules of evidence
B.P. 22, Sec. 5 Relation to prosecution under the Revised Penal Code
B.P. 22, Sec. 6 Separability clause
B.P. 22, Sec. 7 Effectivity

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Reviewed by the Intellegal Legal Team for currency against amending laws and Supreme Court jurisprudence.

Research aid — not legal advice. Verify the current text against the Official Gazette. Provisions may have been amended or repealed. Using this page creates no attorney-client relationship. For legal advice, consult a Philippine lawyer.