Interbank Relationship
/ˌɪntərˈbæŋk rɪˈleɪʃənʃɪp/
Definitions
- (n.) A formal or informal association, interaction, or agreement between banking institutions governing lending, credit, or settlement activities.
The interbank relationship facilitated smooth clearing of large transactions between the two banks.
Forms
- interbank relationship
- interbank relationships
Related terms
See also
Commentary
In drafting, specify the nature of the interbank relationship to clarify the scope and legal obligations involved.
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.