merchant bank

Definition

Financial institution that specializes in services such as acceptance of bills of exchange, hire purchase or installment buying, international trade financing, long-term loans, and management of investment portfolios. Merchant banks also advise on (and invest own funds in) acquisitions, mergers, and takeovers. In the US, a merchant account provider is sometimes called a merchant bank.


merchant bank is...

... in the Banking, Commerce & Finance subject.

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