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correspondent bank
cor·re·spon·dent bank (plural cor·re·spon·dent banks)


noun 
Definition:
 
large bank servicing smaller banks: a large bank that performs services for other smaller banks whose credit balances it holds
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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