Meaning CORRESPONDENT: A financial organization that performs services (acts as an intermediary) in a market for another organization that does not have access to that market
More terms such as Correspondent in Dictionary C.
- Definition Credit Insurance:
- Examples Insurance against abnormal losses due to unpaid accounts receivable correspondent definition.
- Definition Currency Swap:
- Examples An agreement to swap a series of specified payment obligations denominated in one currency for a series of specified payment obligations denominated in a different currency correspondent explain.
- Definition Ceiling:
- Examples The highest price, interest rate, or other numerical factor allowable in a financial transaction correspondent what is.
- Definition Credit Enhancement:
- Examples Purchase of the financial guarantee of a large insurance company to raise funds correspondent meaning.
- Definition Compounding:
- Examples The process of accumulating the time value of money forward in time. For example, interest earned in one period earns additional interest during each subsequent time period correspondent abbreviation.
