What is the definition of Payer bank? | Dictionary.net

PAYER BANK

\pˈe͡ɪə bˈaŋk], \pˈe‍ɪə bˈaŋk], \p_ˈeɪ_ə b_ˈa_ŋ_k]\

Definitions of PAYER BANK

1910 - Black's Law Dictionary (2nd edition)

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Known as a payor bank, any bank which can draw or accept a bill of exchange is a payer bank.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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