Examlex
What is a value proposition?
Payor Bank
A bank that is responsible for paying a check or draft on behalf of a customer, typically the bank where the check writer has an account.
Depository Bank
A financial institution that holds and manages securities (stocks, bonds, etc.) for its clients and may also offer other banking services.
Payor Bank
A bank that is responsible for paying a check or draft presented for payment against an account.
Depositary Bank
A financial institution that holds securities, such as stocks or bonds, in electronic or physical form, for investors.
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