presenting bank

Definition of "presenting bank"
  1. The bank that introduces a negotiable instrument or an order for money payment, distinct from the bank that eventually pays out the funds
How to use "presenting bank" in a sentence
  1. The presenting bank is responsible for ensuring the swift processing of the negotiable instrument.
  2. Errors in the transaction were attributed to the negligence of the presenting bank.
  3. The role of a presenting bank is crucial in the payout processes of negotiable instruments.

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