merchant bank - Meaning in Tamil
merchant bank - Meaning in Tamil
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Definitions and Meaning of merchant bank in English
merchant bank noun
- a credit card processing bank; merchants receive credit for credit card receipts less a processing fee
Synonyms
acquirer
Description
A merchant bank is historically a bank dealing in commercial loans and investment. In modern British usage it is the same as an investment bank. Merchant banks were the first modern banks and evolved from medieval merchants who traded in commodities, particularly cloth merchants. Historically, merchant banks' purpose was to facilitate and/or finance production and trade of commodities, hence the name "merchant". Few banks today restrict their activities to such a narrow scope.
Also see "Merchant bank" on WikipediaAlso See
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Sentences with the word merchant
Words that rhyme with merchant
What is merchant bank meaning in Tamil?
The word or phrase merchant bank refers to a credit card processing bank; merchants receive credit for credit card receipts less a processing fee. See merchant bank meaning in Tamil, merchant bank definition, translation and meaning of merchant bank in Tamil. Find merchant bank similar words, merchant bank synonyms. Learn and practice the pronunciation of merchant bank. Find the answer of what is the meaning of merchant bank in Tamil.
Other languages: merchant bank meaning in Hindi
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What is merchant bank meaning in Tamil, merchant bank translation in Tamil, merchant bank definition, pronunciations and examples of merchant bank in Tamil.
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