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

• The BANK shall not be liable for the actions of such Correspondent ▇▇▇▇▇ provided that in choosing a Correspondent Bank, the BANK did not act with gross negligence or willful misconduct.

• The COMPANY acknowledges that the BANK may process the COMPANY’s FX Transaction in accordance with the BANK’s policies and procedures and, for this purpose, the COMPANY authorizes the BANK, in its absolute discretion, to avail itself of the services of any Correspondent Banks and agents for data processing, collection and other services related to the FX Transactions.

• The COMPANY acknowledges that, by coursing the remittance transaction through the BANK, additional service fees and bank charges may be imposed and deducted from the proceeds by the Correspondent ▇▇▇▇▇ as well as the Receiving Banks and the COMPANY agrees to these deductions.

• For converted funds, refund may be made to the COMPANY at the rate determined by the BANK net of costs incurred by the BANK or by the Correspondent Banks and agents.

• The COMPANY acknowledges that the BANK may process the COMPANY’s remittances in accordance with the BANK’s policies and procedures and, for this purpose, the COMPANY authorizes the BANK, in its absolute discretion, to avail itself of the services of any Correspondent Banks and agents for data processing, collection and other services related to the remittance transactions.

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

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

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 the individual designated by the existing or proposed Board of Directors, or other authorized party, to act on its behalf in all matters required to process the application.