CORRESPONDENT BANK Definition

CORRESPONDENT BANK is a bank having communications and business links with the sellers bank.

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DEDICATED TRANSACTIONS, in securities, is a list all the transactions (including cash) for each portfolio together with any relevant fees and notes. And, not only can one monitor profit/loss but you can also chart the historical valuation of a portfolio, monitor the annualized rate of return, compare portfolio performance against indices or sectors and chart the performance of different constituents of a portfolio on a single chart.

LODGEMENT, in law, is bringing a legal charge or accusation against someone.

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