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LSDefine

Simple English definitions for legal terms

intermediary bank

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A quick definition of intermediary bank:

An intermediary bank is a type of bank that helps move money from one bank to another. It's like a middleman that helps make sure the money gets to where it needs to go. For example, if you want to send money to someone in another country, your bank might use an intermediary bank to help transfer the money to the recipient's bank. The intermediary bank doesn't keep the money, it just helps it get to the right place.

A more thorough explanation:

An intermediary bank is a financial institution that acts as a middleman in the process of transferring funds between two other banks. It is not the depositary or payor bank, but rather a bank to which an item is transferred in the course of collection.

For example, if someone in the United States wants to send money to someone in Europe, their bank may use an intermediary bank to facilitate the transfer. The sender's bank would send the money to the intermediary bank, which would then send it to the recipient's bank in Europe.

Another example is when a business in one country wants to pay a supplier in another country. The business's bank may use an intermediary bank to transfer the funds to the supplier's bank.

Intermediary banks are important because they help facilitate international transactions and ensure that funds are transferred securely and efficiently.

intermediary | intermediate account

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General chat about the legal profession.
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snow
9:59
wish it was snowing in texas rn
Dkk
9:59
Man, hate this conversation cus it just reminds me of the gay guy that used to always ask me for them.
BulbasaurNoLikeCardio
9:59
That cold snap that hit texas is heaven though, opening windows in the house and using the fireplace
snow
10:00
it really is bulb. it was hot as hell for the longest time
BulbasaurNoLikeCardio
10:00
@Dkk: You could of made so much money
that sounds heavenly
babycat
10:00
Aw Dkk has trauma from the gay guy who wanted to fuck his arches
snow
10:00
lmaooooo
BulbasaurNoLikeCardio
10:00
@snow: winter is tattoo season and since that cold snap hit I got one done and have three sessions scheduled lol I love the cold
snow
10:00
whys that?? you're lowkey inspiring me now
snow
10:01
ive been wanting a thigh tat for so long
snow
10:01
or maybe something on my knee, but i heard thats hella painful
Dkk
10:01
I wouldn't say trauma, the trauma would probably come from seeing my friends head get crushed by an LTV and feeling the bag of glass that was his skull in my hands. Or knowing a kid I mentored shot himself with a bullet he used to keep around his neck that I allowed him to have illegally.
Dkk
10:01
Feet shit though, just annoying.
dkk that is heavy stuff
snow
10:01
jesus dk
BulbasaurNoLikeCardio
10:01
Winter is tattoo season because you are less likely to be in the sun exposing the healng tattoos, you dont go swimming or tanning in winter either so you don't miss out on the fun stuff of summer
Guys
Do u think I will hear from au today
snow
10:02
homely i hope we do!
Yes is the only correct answer ty
Dkk
10:02
Lmfao, it's just part of life in the military. Couple years ago a guy I knew got crushed by a tree. Is what it is.
snow
10:02
@BulbasaurNoLikeCardio: thats smart. i dont know anything about tattoo care lol
babycat
10:02
Also piercings are better to get in the winter
snow
10:02
dk i feel like you would do great in criminal defense
soap
10:02
you good Dk?
snow
10:03
i got my nose pierced last thanksgiving and it got infected @babycat
Dkk
10:03
Probably could just shock the jury into sideing with me lol
babycat
10:03
I mean bc you can’t go swimming with a piercing
Dkk
10:03
Ahh yeah, just hate that word. Trauma. Hate how people use it.
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