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merchant bank

mer

ˈmɜ:

mē

chant

ʧənt

chēnt

bank

bænk

bānk

Definition & Meaning of "merchant bank"in English

Merchant bank

01

a bank that processes credit card transactions for merchants and collects fees for the service

Dialect

British

investment bank

Grammatical Information

Examples

The merchant bank settled the daily credit card transactions for the retail store.

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Nearby Words

merchandising rights

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