intermediary bank

intermediary bank
A bank which receives a collection from another bank and forwards it to a third bank for collection. Any bank to which an item is transferred in course of collection except the depositary or payor bank. UCC § 4-105(c).

Ballentine's law dictionary. . 1998.

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  • intermediary bank — Any bank to which an item is transferred in the course of collection except the depositary or payor U.C.C. No. 4 105(c) …   Black's law dictionary

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