What is AUTHORIZED BANK?

A bank the government uses to move decentralized payments. The payment are normally limited to the countries central payment agency.

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Related Legal Terms
CENTRAL BANK, EUROPEAN CENTRAL BANK (ECB), BANK EXAMINATION, BANK TO BANK LETTER OF CREDIT (L/C), AUTHORIZED SETTLEMENT AGENT, COLLECTING BANK, RESERVE BANK OF INDIA, BANK OF CANADA, BANK LENDING SURVEY, BANK NOTE


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