collecting bank

listen to the pronunciation of collecting bank
English - Turkish
(Kanun,Ticaret) tahsil bankası
English - English
Bank in the buyer's country that participates in a collection The collecting bank may or may not also be the presenting bank, who presents documents to the buyer and claims payment
Any bank other than the remitting bank involved in the collection of a draft and/or documents
(1) Generally, any bank that collects an item, including the first bank to which the customer delivers the item (often the depositary bank) and the presenting bank, the last bank to handle the item and that presents it to the party for payment or acceptance (2) In international collections, any bank other than the first bank in the collection chain
collecting bank

    Turkish pronunciation

    kılektîng bängk

    Pronunciation

    /kəˈlektəɴɢ ˈbaɴɢk/ /kəˈlɛktɪŋ ˈbæŋk/
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