collecting bank

English - Turkish

Definition of collecting bank in English Turkish dictionary

(Kanun,Ticaret) tahsil bankası

English - English

Definition of collecting bank in English English dictionary

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

Turkish pronunciation

kılektîng bängk

Pronunciation

/kəˈlektəɴɢ ˈbaɴɢk/ /kəˈlɛktɪŋ ˈbæŋk/