paying bank

Definition

Related Terms

Bank on which a check or draft is drawn; the bank which cashes it. Also called accepting bank, drawee bank, or payer bank.

stale check

electronic chec...

letter of credi...

bearer

bearer check

advising bank

presenting bank

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Popular 'Accounting & Auditing' Terms

accounting

payment terms

accounting concepts

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marginal benefit

letter of credit (L/C)

asset

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