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 provide back-up to the issuing lender by taking pro rata participating interests in each letter of credit that is issued.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • issuing bank — Bank that issues a letter of credit. Bloomberg Financial Dictionary * * * 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… …   Financial and business terms

  • 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

  • issuing bank — E com see issuer …   The ultimate business dictionary

  • card-issuing bank — / kɑ:d ɪsjuɪŋ ˌbæŋk/ noun same as issuer …   Marketing dictionary in english

  • card-issuing bank — E com see issuer …   The ultimate business dictionary

  • 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.