correspondent bank
Definition
Bank which handles the local leg of a business transaction and the associated documents, as an agent of a bank in another city or country. Also called agent bank.
email to a friend
print this definition
cite this definition
link to this page
correspondent bank is in the Banking, Commerce & Finance and International Trade & Relations subjects.
correspondent bank appears in the definitions of the following terms:
notifying bank,
documentary collection,
nostro-vostro account,
agent bank,
notified without engagement,
indirect bank guarantee,
advice of credit,
letter of guarantee,
vostro account,
bank draft
and
This content can be found on the following page:
http://www.businessdictionary.com/definition/correspondent-bank.html