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Definition of Agent bank
1. Noun. A bank named by a lending syndicate of several banks to protect their interests.
Generic synonyms: Bank, Banking Company, Banking Concern, Depository Financial Institution
2. Noun. A bank that acts as an agent for a foreign bank.
Lexicographical Neighbors of Agent Bank
Literary usage of Agent bank
Below you will find example usage of this term as found in modern and/or classical literature:
1. Cases on Principal and Agent: Selected from Decisions of English and by Edwin Charles Goddard (1914)
"When the agent bank expressly stipulates that it will assume no liability for
defaults of ... Equally if the agent bank expressly assumes liability for the ..."
2. Handbook of the Law of Trusts by George Gleason Bogert (1921)
"As in the case of the agent bank, so with the subagent, it would seem ... 670,
that the agent bank became a trustee of the moneys delivered to it by the ..."
3. Pyaments, Clearance, and Settlement: A Guide to the Systems, Risks, and Issues by Nolani T. Traylor, Tamara E. Cross, Nancy Eibeck, Robert Pollard (1998)
"Once net settlement positions have been determined by osce, a netting member's
clearing agent bank is informed by the netting member of the securities to be ..."
4. The American State Reports: Containing the Cases of General Value and by Abraham Clark Freeman (1897)
"... and the collection of the money by the defendant and crediting it upon the
indebtedness of the agent bank was, in law, the transmission of the money to ..."
5. Commercial Banking Practice Under the Federal Reserve Act: The Law and the by Bank of Commerce in New-York, National Bank of Commerce in New York (1921)
"J^jjjjjj'j In case the course suggested should be adopted, and agent the agent
bank, which issues the letter and which is primarily and unconditionally ..."
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