issuing bank

noun [C] BANKING, FINANCE

Definition

› a bank or other financial organization that makes credit cards available: Keep a record of card numbers so you can contact the issuing bank easily in case of theft. → Compare issuer

› a bank that makes available letters of credit (= documents promising to pay for goods when they are delivered): The program backed hundreds of billions of dollars in debt in the event of payment default by an issuing bank. → Compare advising bank

(Definition of issuing bank noun from the Cambridge Business English Dictionary © Cambridge University Press)