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correspondent bank

noun
1.
a bank that performs services for one or more other banks.
Origin
1960-1965
1960-65
Related forms
correspondent banking, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for correspondent bank
  • The monthly interest payments will be automatically charged to our correspondent bank account.
  • correspondent bank relationships likely will change as a bank's financial position deteriorates.

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