Interbank Payment
/ˌɪntərˈbæŋk ˈpeɪmənt/
Definitions
- (n.) A financial transaction involving the transfer of funds between banks, typically for settlement of debts or obligations under financial agreements.
The bank completed the interbank payment to settle the client's international transfer.
Forms
- interbank payment
- interbank payments
Related terms
See also
Commentary
Interbank payments are fundamental in banking and financial law, often governed by regulatory frameworks to ensure settlement finality and reduce systemic risk.
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.