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correspondent

 - 4 dictionary results

cor⋅re⋅spond⋅ent

[kawr-uh-spon-duhnt, kor-]
–noun
1. a person who communicates by letters.
2. a person employed by a news agency, periodical, television network, etc., to gather, report, or contribute news, articles, and the like regularly from a distant place.
3. a person who contributes a letter or letters to a newspaper, magazine, etc.
4. a person or firm that has regular business relations with another, esp. at a distance.
5. a thing that corresponds to something else.
–adjective
6. consistent, similar, or analogous; corresponding.

Origin:
1375–1425; late ME < ML corrēspondent- (s. of corrēspondēns), prp. of corrēspondēre to correspond; see -ent


cor⋅re⋅spond⋅ent⋅ly, adverb
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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cor·re·spon·dent   (kôr'ĭ-spŏn'dənt, kŏr'-)   
n.  
  1. One who communicates by means of letters.

  2. One employed by the print or broadcast media to supply news stories or articles: a foreign correspondent.

  3. One that has regular business dealings with another, especially at a distance.

  4. Something that corresponds; a correlative.

adj.  Corresponding.
cor're·spon'dent·ly adv.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Correspondent

The name given to a bank, broker, dealer, or financial institution that acts on behalf of another financial institution with limited or restricted access to the financial markets where a transaction must occur.

Investopedia Commentary

Commonly done by smaller financial corporations that don't necessarily have the capital to enter into foreign markets and set up new operations. This is a cheaper method of providing international services to clients through agreements and partnerships.

See also: Broker, Broker-Dealer, Dealer, Financial Supermarket

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

correspondent

A financial organization such as a securities firm or a bank that regularly performs services for another firm that does not have the requisite facilities or the access to perform the services directly. For example, a member of a securities exchange may execute a trade for a nonmember firm.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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