Cross-Border Payment
/ˈkrɔːsˌbɔːrdər ˈpeɪmənt/
Definitions
- (n.) A monetary transaction where funds are transferred from a payer in one jurisdiction to a payee in another jurisdiction, often involving currency exchange and compliance with international regulations.
The company processed a cross-border payment to its supplier overseas in compliance with anti-money laundering laws.
Forms
- cross-border payment
- cross-border payments
Related terms
See also
Commentary
Cross-border payments require careful legal scrutiny regarding jurisdictional compliance and currency controls.
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.