Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
REIMBURSING BANK Definition & Legal Meaning
Definition & Citations:
In a letter of credit the issuing bank serves as a source of funds for the beneficiary of the letter.
This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.