intermediary bank

intermediary bank
intermediary bank see bank

Merriam-Webster’s Dictionary of Law. . 1996.

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  • intermediary bank — A bank which receives a collection from another bank and forwards it to a third bank for collection. Any bank to which an item is transferred in course of collection except the depositary or payor bank. UCC § 4 105(c) …   Ballentine's law dictionary

  • intermediary bank — Any bank to which an item is transferred in the course of collection except the depositary or payor U.C.C. No. 4 105(c) …   Black's law dictionary

  • intermediary bank — Any bank to which an item is transferred in the course of collection except the depositary or payor U.C.C. No. 4 105(c) …   Black's law dictionary

  • bank — / baŋk/ n: an organization for the custody, loan, or exchange of money, for the extension of credit, and for facilitating the transmission of funds branch bank: a banking facility that is a separate but dependent part of a chartered bank; esp: a… …   Law dictionary

  • bank — 1. A bank is an institution, usually incorporated, whose business it is to receive money on deposit, cash checks or drafts, discount commercial paper, make loans, and issue promissory notes payable to bearer, known as bank notes. U.C.C. No. 1… …   Black's law dictionary

  • bank — 1. A bank is an institution, usually incorporated, whose business it is to receive money on deposit, cash checks or drafts, discount commercial paper, make loans, and issue promissory notes payable to bearer, known as bank notes. U.C.C. No. 1… …   Black's law dictionary

  • Bank —   An ISO term. A financial institution authorised or chartered by its national regulatory authority to be designated as a bank.   In finance this normally means:   Credit institutions;   mortgage institutions;   foreign central banks, and  … …   International financial encyclopaedia

  • Bank of Mongolia — Монголбанк Headquarters Ulaanbaatar, Mongolia Coordinates 47°55′12″N 106°54′44″E …   Wikipedia

  • Intermediary — Bank, die im Rahmen eines Swapgeschäfts (⇡ Swap) als „Vermittler“ zwischen den Tauschpartnern eingeschaltet wird …   Lexikon der Economics

  • intermediary — See: financial intermediary An institution acting between 2 or more other entities by assuming certain rights and obligations. Exchange Handbook Glossary * * * intermediary in‧ter‧me‧di‧a‧ry [ˌɪntəˈmiːdiəri ǁ ˌɪntərˈmiːdieri] noun intermediaries… …   Financial and business terms

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