merchant bank

noun British Finance.
a private banking firm engaged chiefly in investing in new issues of securities and in accepting bills of exchange in foreign trade.

Origin:
1900–05

merchant banker, noun
merchant banking, noun
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
merchant bank
 
n
(in Britain) a financial institution engaged primarily in accepting foreign bills, advising companies on flotations and takeovers, underwriting new issues, hire-purchase finance, making long-term loans to companies, and managing investment portfolios, funds, and trusts
 
merchant banker
 
n

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Example sentences
Discount for cash is not permitted by our contract with the merchant bank.
The merchant bank pays the merchant and sends the receipt to your issuing bank.
The interchange fee is part of the terms of the merchant agreement that is made by the merchant bank with the merchant.
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