correspondent Definition

correspondent

Definition

A bank, brokerage or other financial institution that performs services for other banks, brokerages or other financial institutions, where the latter does not have direct access.

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Related Terms

correspondency system -

Related Terms on BusinessDictionary

direct bank guarantee
domiciled credit
freely negotiable letter of credit
indirect bank guarantee
letter of guarantee
nostro account
nostro-vostro account
notified without engagement

notifying bank
vostro account
advice of credit
advising bank
documentary collection
cubicle bank
agent bank
bank draft

Popular 'Banking' Terms

negotiable
letter of credit
bank draft
bank
commercial bank

account
overdraft protection
compound interest
overdraft
lockbox

correspondent in the news

Tools

correspondent is ...

... part of the Banking and Brokerages subjects.

Nearby Terms

corpus
correction
correlation
correlation coefficient
correspondency system
correspondent
cosigner
cost
Cost Accounting
cost basis
cost of capital

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