presenting bank definition

presenting bank

Bank that submits (presents) a financial instrument (check, draft, letter of credit, etc.) to the advising or paying bank to seek a payment.

presenting bank is in the Banking, Commerce & Finance and International Trade & Relations subjects.

presenting bank appears in the definitions of the following terms: case of need, bill presentment, documents against payment (D/P), deed of protest, documentary collection and documents against acceptance (D/A)

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