Banking Network
/ˈbæŋkɪŋ ˈnɛtwɜrk/
Definitions
- (n.) A system of interconnected financial institutions that facilitate various banking services, payments, and transactions across multiple locations or jurisdictions.
The expansion of the banking network improved access to financial services in rural areas.
Forms
- banking network
- banking networks
Related terms
See also
Commentary
In legal contexts, the term often relates to regulatory oversight of interbank relationships and compliance with cross-border transaction laws.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.