merchant bank

merchant bank

noun British Finance.

  1. a private banking firm engaged chiefly in investing in new issues of securities and in accepting bills of exchange in foreign trade.


  1. (in Britain) a financial institution engaged primarily in accepting foreign bills, advising companies on flotations and takeovers, underwriting new issues, hire-purchase finance, making long-term loans to companies, and managing investment portfolios, funds, and trusts

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