Consumer’s Bank definition
Consumer’s Bank means the Receiving Depository Financial Institution, or the consumer’s bank.
Examples of Consumer’s Bank in a sentence
In lieu of cash, and at Consumer’s option, subject to approval by Seller as to acceptability, Consumer may deliver to Seller (a) an irrevocable letter of credit from the Consumer’s Bank in the amount of Dollars; (b) a surety bond in favor of Seller, of the type required by Seller and in the amount of ; or (c) a continuing guaranty from a party, other than Consumer, acceptable to Seller shall be delivered by Consumer to Seller.