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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
Moran joins Senator Dirk Kempthorne (R-Idaho) another former mayor, for the panel discussion which will be moderated by ABC News correspondent Michel McQueen.
From 1927 to 1928 he was a news correspondent in China.
'A Daily Restaurant's employee has told the JIT that when he went to receive the bill, he was handed over a Rs40mn cheque of Summit Bank,' said ARY News correspondent Zulqarnain Hyder.
Just when it seemed the Mirror's victorious campaign against puppy farms couldn't get any better, ITV news correspondent Angus Walker claims:
Quoted by a PIC news correspondent, a Palestinian native inhabitant of the Jordan Valley said: "Where should our children and wives seek shelter now?
NNA - National News Correspondent to Rafik Hariri International Airport reported on Monday that French Foreign Minister Jean-Marc Ayrault arrived to Beirut aboard his private jet.
Byline: Examiner News Correspondent
In this large-format, color-illustrated coffee table book for general readers, author Bisney, a news correspondent who covered space for 30 years, teams with co-author Pickering, a space-flight historian and space image archivist, to detail 15 missions of Projects Mercury & Gemini, from May 1961 to November 1966.
The sources told Geo News correspondent that PM Sharif took the federal cabinet into confidence for holding the Law and Justice portfolio for time being.
According to the report, John Miller, CBS News correspondent, a former U.S.
When Sky News correspondent left the courtroom to film a report, a policeman arrested him and the cameraman and they were transferred to a police station, Global Voices reported.
These include TV presenter Lorraine Kelly, actress Helena Bonham Carter and Sky News correspondent Alex Crawford, who won acclaim for her reporting from Libya.