Banker's payment: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
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Payment order issued by a bank on behalf of its customer, whereby the recipient looks to the bank for settlement, thus minimising credit risk for the recipient. | Payment order issued by a bank on behalf of its customer, whereby the recipient looks to the bank for settlement, thus minimising credit risk for the recipient. | ||
== See also == | == See also == | ||
* [[Credit risk]] | * [[Credit risk]] | ||
* [[Payments and payment systems]] | |||
Revision as of 16:14, 29 November 2014
Payment order issued by a bank on behalf of its customer, whereby the recipient looks to the bank for settlement, thus minimising credit risk for the recipient.
