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Correspondent |
Also found in: Financial, Wikipedia | 0.07 sec. |
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A bank, Securities firm, or other financial institution that regularly renders services for another in an area or market to which the other party lacks direct access. A bank that functions as an agent for another bank and carries a deposit balance for a bank in another city. Securities firms may have correspondents in foreign countries or on exchanges—organizations that provide facilities for convening purchasers and sellers of securities—of which the firms are not members. The term correspondent is distinct from corespondent—a person summoned to respond to litigation, together with another person, particularly, a paramour in a Divorce action based on Adultery. |
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? References in periodicals archive |
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The very sight of the New York crowd antagonizes the visitor who has come into New York from his farm or small town on the Western plains," a Tribune correspondent reported in 1944 from Gotham -- which the Colonel referred to as a foreign bureau. bureaus, foreign bureaus are limited in the quantity of convention services they can provide. We've strengthened all the beats; we've changed foreign bureau chiefs; we've added people," Dowling noted. |
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Foreign bureau
