Correspondent definition

Correspondent. : means any insurer or other person appointed by one or more insurers with the approval of the Bureau of the country in which the person is established with a view to handling and settling claims arising from accidents involving vehicles for which the insurer or insurers in question have issued an insurance policy and occurring in that country;

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Correspondent means a broker/dealer which utilizes Vision to perform securities clearing services on its behalf. The Customer accounts of a Correspondent are carried on Vision’s books and records.

Correspondent means any insurer or other person appointed by one or more insurers with the approval of the Bureau of the country in which the person is established with a view to handling and settling claims arising from accidents involving vehicles for which the insurer or insurers in question have issued an insurance policy and occurring in that country.

Examples of Correspondent in a sentence

With respect to each Correspondent Loan as of the related Funding Date, the Seller makes each of the “Representations and Warranties Regarding Individual Mortgage Loans” as are set forth in the Guide as it exists on the related date such representation and warranty was made, as if such Correspondent Loan was a Mortgage Loan.
The obligations of the Seller set forth in this Section 4.7 shall be the sole and exclusive remedies with respect to any Correspondent Loan and, except for costs and expenses as specifically set forth in this Section 4.7, in no event shall the Seller be obligated to expend its own funds to repurchase, indemnify, repay or reimburse with respect to any Correspondent Loan.
On each Purchase Date, the Seller does hereby agree to sell, convey, transfer and assign to the Purchaser, without recourse against the Seller except as set forth in Section 4.7 below, all right, title and interest in and to the Correspondent Loans acquired by the Seller from the Correspondents pursuant to the related Loan Commitments, all in accordance with the terms and conditions set forth herein.
From and after the date a Purchase Commitment is executed by both parties, the Seller agrees that it will not take any action or permit or cause any action to be taken by any of its agents or affiliates, or by any independent contractors on its behalf, to personally, by telephone or mail, solicit the borrower or obligor under any Mortgage Loan or Correspondent Loan for the purpose of refinancing such Mortgage Loan or Correspondent Loan, without the prior written consent of the Purchaser.
Pursuant to this Agreement, Purchaser is purchasing, and the Seller is selling the Mortgage Loans and the Correspondent Loans and not a debt instrument or any other security of the Seller.

More Definitions of Correspondent

Correspondent means any financial institution designated by an Issuing Lender to act as such Issuing Lender's correspondent hereunder with respect to the distribution and payment of Letters of Credit denominated in an Alternative Currency.

Correspondent means a lender that originates conventional, government and/or jumbo residential mortgage loans under the Correspondent Lending Program.

Correspondent means a financial institution used by us to make a payment directly or indirectly to a payee and includes any intermediary correspondent;

Correspondent means refers to a financial institution that provides services to another one. It acts as an intermediary or agent, facilitating wire transfers, conducting business transactions, accepting deposits, and gathering documents on behalf of another bank.

Correspondent means a sender or addressee;

Correspondent means an international telecommunications operator to whom a party’s international network is connected and from whom traffic is sourced and/or to whom international traffic is provided;

Correspondent means any Person to which any Pershing Company provides services in connection with the Business pursuant to any Customer Clearing Agreement.