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correspondent banking

/ˌkɔrəˈspɑndənt ˈbæŋkɪŋ/ /ˌkɒrɪˈspɒndənt ˈbæŋkɪŋ/
noun
GeneralBusiness
  1. 1 muhabir bankacılık, korespondans bankacılığı uncountable

Definition (English)

A service where a bank in one country uses a bank in another country to provide services for its customers.

Example Sentences

  1. Correspondent banking is vital for international trade.
    Muhabir bankacılık uluslararası ticaret için hayati önem taşır.
  2. The bank stopped its correspondent banking relationships.
    Banka muhabir bankacılık ilişkilerini durdurdu.

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