A financial institution, bank, broker or dealer acting on behalf of another financial institution with limited access to the financial market where a specific Transaction needs to take place. A correspondent is generally a smaller financial institution without the necessary capital to make transactions on its own or set up an operation for such transactions.
Browse by Subjects
See All Related Terms »
asset management account
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):