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acquiring financial institution

Noun CEFR C1

Definitions

An institution that contracts with the bank and the merchant to enable credit card transactions. The acquirer deposits the credit card totals and debits the end-of-month processing fees from the merchants' accounts.

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
See all C1 English words →

See also

Acquiry acquis acquis communautaire Acquisite acquisition acquisition debt

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