OUTTURN Definition

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OUTTURN is what is produced in a given time period.

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REMITTING BANK is a bank that sends a draft to the overseas bank for collection.

SYNDICATE is a group of investment bankers or banks that acts jointly, on a temporary basis, to, in the case of investment bankers, sell securities or to underwrite a new issue of bonds (syndicated capital), or, for the bank syndicate to loan money in a bank credit (syndicated credit).

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