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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 of merchant bank
Related forms
merchant banker, noun
merchant banking, noun Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for merchant bank
  • 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.
British Dictionary definitions for merchant bank

merchant bank

(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
Derived Forms
merchant banker, noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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