Meaning of “advising bank” in the English Dictionary


"advising bank" in Business English

See all translations

advising banknoun [ C ]

uk us also notifying bank BANKING, COMMERCE

a bank in the country of an exporter that tells the exporter about a letter of credit (= a document that promises to pay a particular amount of money into the exporter's account) and checks that the letter of credit is real and honest:

(Definition of “advising bank” from the Cambridge Business English Dictionary © Cambridge University Press)