Issuer Bank
/ˈɪʃuər bæŋk/
Definitions
- (n.) A bank or financial institution that issues payment cards or credit, assuming liability for repayment to the cardholder or borrower.
The issuer bank authorized the customer's credit card transaction.
Forms
- issuer bank
Related terms
See also
Commentary
In financial law contexts, issuer bank typically refers to the bank that issues credit or debit cards and is responsible for payment obligations under card agreements.
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.