Definition of ironclad. 1  1 : sheathed in iron armor âused especially of naval vessels. 2  2 : so firm or secure as to be unbreakable: such asa : binding an ironclad oathb : having no obvious weakness an ironclad case against the defendant.
Best Answer: CR means a credit. If this appears on the balance due line of your statement, it means that you owe nothing and that you are that much ahead of future charges and no payment or acknowledgment is needed.
Payor Bank Law and Legal Definition. Payor bank is a bank where an instrument is payable as drawn or accepted. For example, a bill of exchange is drawn or accepted by a payor bank. Pursuant to U.C.C.Â§ 4-105 a payor bank means a bank that is the drawee of a draft. Legal Definition list