Dictionary
Term of Day
Articles
Subjects
Sign Up
BusinessDictionary
Business
Dictionary
Dictionary
Toggle navigation
Uh oh! You're not
signed up.
Sign Up
Close navigation
Home
Dictionary
Term of Day
Articles
Subjects
Sign Up
paying bank
Definition
+ Create New Flashcard
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
.
bearer
stale check
red clause lett...
advising bank
electronic chec...
presenting bank
letter of credi...
You Also Might Like...
Adam Colgate
Deed of Trust vs. Mortgage
When buying a home most of us don't have the cash immediately available to simply buy the home outright, which results in the need for home loans. In order to secure a home loan lenders require the home to be put up as security, and the most common ...
Read more
Kevin Mulligan
Types of Small Business Loans
ADVERTISEMENT
Adam Colgate
How to Monitor Your Credit - For Free!
Adam Colgate
How to Finance a Short Sale
A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. Short sales allow the owner of the home to sell the home below the market price and are subject to approval by the holder of the loan on the ...
Read more
Email
Print
Embed
Copy & paste this HTML in your website to link to this page
<a href='www.businessdictionary.com/definition/paying-bank.html'>paying bank</a>
Popular 'Accounting & Auditing' Terms
accounting
payment terms
accounting concepts
financial management
marginal benefit
letter of credit (L/C)
asset
