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.
: a rule that an organization (such as a club or company) makes and that its members must follow : a law or regulation that is made by a local government and that applies only to the local area (Merriam-Webster) The civic association bylaws are the specific set of rules that every member is expected to follow.