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.
CRM is a dominant management tool that can be used to enhance the sales potential and further increase the value of the customer for the bank. In general, CRM incorporates various components of a bank's business for example, sales, marketing, IT and accounting. This approach may not increase a bank's profit suddenly, but it will definitely boost customer loyalty to the bank.