Merchant Bank

Business / Finance / Merchant Bank: A British term for a bank that specializes not in lending its own funds, but in providing various financial services such as accepting bills arising out of trade, underwriting new issues, and providing advice on acquisitions, mergers, foreign exchange, or `portfolio management.

Other Words for Merchant

Merchant Verb Synonyms: pedlar, hawker, (travelling) salesman, (sales) representative, commercial traveler, huckster, door-to-door salesman, drummer, (sales) rep
Merchant Noun Synonyms: dealer, retailer, seller, shopkeeper, store owner, trader, tradesman or tradeswoman, vendor
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Merchant Marine Act Of 1920

Business / Agriculture / Merchant Marine Act Of 1920: P.L. 66-261, also known as the Jones Act, provides for the promotion and maintenance of a U.S. merchant marine. Provisions dealing with cabotage (i.e., coastal shipping) require that all goods transpo MORE

Mitigation Bank

Business / Agriculture / Mitigation Bank: A bank is created when wetlands at a site are restored, enhanced or created in advance of destruction of similar wetlands in nearby locations. The bank then sells 'credits' in the bank to permit appli MORE

Merchant Bank

Business / Finance / Merchant Bank: A British term for a bank that specializes not in lending its own funds, but in providing various financial services such as accepting bills arising out of trade, underwriting new issues, and providin MORE

Member Bank

Business / Finance / Member Bank: A national- or state-chartered bank that is a member of the Federal Reserve System. MORE

London Interbank Offered Rate (LIBOR)

Business / Agriculture / London Interbank Offered Rate (LIBOR): The interest rate that major international banks charge each other for large volume loans of Eurodollars (U.S. dollars on deposit outside of the United States). MORE

Money Center Banks

Business / Finance / Money Center Banks: Banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds. MORE

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