UAE Commercial Transactions Law — Article 392 — Article (392)
Book Three: Banking Transactions · Part Two: Current Account
In order for the payments to be entered in a current account, they must:
1. Be in cash or fungible items of one kind, so that clearance may be conducted between them;
2. Have arisen from debts that are actually existing and are of a specific amount; and
3. Have delivered to the payee on basis of ownership.
Interpretation and application must be checked against the official text and current version.
