issuing bank

issuing bank
Bank that issues a letter of credit. Bloomberg Financial Dictionary

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issuing bank UK US noun [C] BANKING, FINANCE
a bank or other financial organization that makes credit cards available: »

Keep a record of card numbers so you can contact the issuing bank easily in case of theft.

Compare ISSUER(Cf. ↑issuer)
a bank that makes available letters of credit (= documents promising to pay for goods when they are delivered): »

The program backed hundreds of billions of dollars in debt in the event of payment default by an issuing bank.

Compare ADVISING BANK(Cf. ↑advising bank)

Financial and business terms. 2012.

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Look at other dictionaries:

  • issuing bank — USA issuing bank, Also known as the issuing lender or issuer (+). The party directly obligated to fund under a letter of credit. In a syndicated loan, one bank typically issues the letter of credit on behalf of the other revolving lenders who… …   Law dictionary

  • Issuing bank — An issuing bank is a bank that offers card association branded payment cards directly to consumers. Detail The issuing bank assumes primary liability for the consumer s capacity to pay off debts they incur with their card. In the case of credit… …   Wikipedia

  • Issuing bank —   An ISO term. The identification of the bank issuing the documentary credit.   ISO Documentary Credit Forms term. 5*35x.   ISO Standard Telex Formats term. 4*35x …   International financial encyclopaedia

  • Bank of England — Bank of England …   Wikipedia

  • Issuing — ist ein Begriff aus dem Bankwesen. Damit das Geschäft mit Kreditkarten funktioniert, sind bei Bankkarten (Debitkarten wie Maestro oder Visa Electronic) oder bei Kreditkarten (wie MasterCard und Visa) in der Regel vier Parteien involviert: die… …   Deutsch Wikipedia

  • issuing lender — USA issuing bank, Also known as the issuing lender or issuer (+). The party directly obligated to fund under a letter of credit. In a syndicated loan, one bank typically issues the letter of credit on behalf of the other revolving lenders who… …   Law dictionary

  • bank draft — n. An order for payment of money drawn upon a bank by a bank officer, payable when the issuing bank accepts it. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • Bank of China — Infobox Company company name = Bank of China Limited company company type = Joint stock company company slogan = foundation = 1912 location = Beijing, People s Republic of China key people = Xiao Gang, ChairmanLi Lihui, President num employees =… …   Wikipedia

  • bank — {{Roman}}I.{{/Roman}} noun 1 for money ADJECTIVE ▪ big, large, major ▪ small ▪ central, clearing (in the UK), commercial …   Collocations dictionary

  • Bank of the Republic of Burundi — Logo The Bank of the Republic of Burundi (French: Banque de la République du Burundi, BRB) is the central bank of Burundi. The bank was established in 1966 and its offices are in Bujumbura. History The central bank evolved step by step: Royal… …   Wikipedia

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