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.

red clause lett...

stale check

electronic chec...

bearer

presenting bank

advising bank

bearer check

You Also Might Like...

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

Types of Small Business Loans

ADVERTISEMENT

How to Monitor Your Credit - For Free!

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

Popular 'Accounting & Auditing' Terms

accounting

payment terms

accounting concepts

financial management

marginal benefit

letter of credit (L/C)

asset

Browse Dictionary by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z