correspondent
B2CEFR level
40/100Rarity: uncommon
TechnicalRegister
A bank that provides services and settles transactions on behalf of another bank abroad.
The remittance was slow because it hopped through two correspondent banks before reaching the village account.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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