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Home > QFINANCE Dictionary > Definition of accepting bank

Definition of

accepting bank


bank accepting letter of credit a bank in an exporter's own country to which an issuing bank sends a letter of credit for the exporter

Definitions of ’accepting bank’ and meaning of ’accepting bank’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’accepting bank’ and other financial terms with our online QFINANCE Financial Dictionary.

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