| 单词 | correspondent bank |
| 释义 | correspondent bank in Finance (kɔrɪspɒndənt bæŋk) Word forms: (regular plural) correspondent banks noun (Finance: Banking) A correspondent bank is a bank that provides services such as accepting deposits for another bank. Agreements to reciprocate are usual, specifying which services a bank will performfor a correspondent bank. Each money center bank has hundreds of correspondent banks that call their money desk each morning to ask what the prime rate is for the day. A correspondent bank is a bank that provides services such as accepting deposits for another bank. |
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