Returning bank definition
Returning bank means a bank (other than the payor bank or depositary bank) handling a returned check or a notice in lieu of return.
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Related to Returning bank
Receiving Bank means the bank to which the sender's instruction is addressed.
Participating Bank means any participating banks of the JETCO ATM network, (if applicable) PLUS ATM network and/or (if applicable) China UnionPay ATM network;
Settling Bank means the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC's then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.
Presenting bank means a bank presenting an item except a payor bank.
Receiving Institution The college or university where a transfer student plans to enroll and to apply previously earned credit toward a degree program.