ï Bank-Owned Life Insurance (BOLI) is a special type of life insurance where the Bank is the owner and beneficiary of the policy. ï BOLI is an asset of the Bank and is normally funded with a single payment.
By-law. From Wikipedia, the free encyclopedia. (Redirected from Bylaw). A by-law (sometimes also spelled bylaw, by law or bye-law) is a rule or law established by an organization or community to regulate itself, as allowed or provided for by some higher authority.
Charter. A grant from the government of ownership rights in land to a person, a group of people, or an organization such as a corporation. A basic document of law of a Municipal Corporation granted by the state, defining its rights, liabilities, and responsibilities of self-government. A document embodying a grant of authority from the legislature or the authority itself, such as a corporate charter.