The-definition.com

Definition

Confirming Bank

Confirming Bank is the bank, which, upon authorisation or request of the issuing bank, adds its confirmation to the documentary credit.

Share it:  Cite

More from this Section

  • International cash management
    International cash management is the set of activities determining the levels of cash ...
  • General average
    General average is in ocean marine insurance, a loss incurred for the common good that ...
  • Austrade
    Austrade is The Australian Trade Commission – the Federal Government’s export and ...
  • Readjustment period
    Readjustment period is one- to two-year period immediately following the breadwinner’s ...
  • Managed float
    Managed float is an exchange rate regime in which countries attempt to influence their ...