correspondent bank

  • 1correspondent bank — A bank that serves as a depository and provides banking services for another bank. American Banker Glossary Bank that accepts deposits of, and performs services for, another bank (called a respondent bank); in most cases, the two banks are in… …

    Financial and business terms

  • 2Correspondent Bank — A financial institution that provides services on behalf of another, equal or unequal, financial institution. A correspondent bank can conduct business transactions, accept deposits and gather documents on behalf of the other financial… …

    Investment dictionary

  • 3correspondent bank — correspondent banking. a bank that performs services for one or more other banks. [1960 65] * * * …

    Universalium

  • 4correspondent bank — correspondent banking. a bank that performs services for one or more other banks. [1960 65] …

    Useful english dictionary

  • 5correspondent bank — A bank in a foreign country that offers banking facilities to the customers of a bank in another country. These arrangements are usually the result of agreements, often reciprocal, between the two banks. The most frequent correspondent banking… …

    Accounting dictionary

  • 6correspondent bank — A bank in a foreign country that offers banking facilities to the customers of a bank in another country. These arrangements are usually the result of agreements, often reciprocal, between the two banks. The most frequent correspondent banking… …

    Big dictionary of business and management

  • 7correspondent bank — /ˌkɒrɪ spɒndənt bæŋk/ noun a bank which acts as an agent for a foreign bank …

    Dictionary of banking and finance

  • 8Correspondent bank —   A foreign bank with whom you have an account relationship …

    International financial encyclopaedia

  • 9correspondent banking — Ⅰ. correspondent bank UK US noun [C] (also correspondent) BANKING ► a bank that does work for a bank in another place, usually in another country: »The use of a correspondent bank facilitates the transfer of funds abroad. correspondent banking… …

    Financial and business terms

  • 10Bank — [bæŋk] noun BANKING ORGANIZATIONS The Bank the Bank of England, Britain s central bank: • The Bank is worried that strong demand for labour could lead to higher wages and prices. * * * Ⅰ …

    Financial and business terms