confirming bank
noun[C]
ukusBANKING,COMMERCE
abankin acountryexportinggoodsthatagreesthat theletterofcreditgiven by abankin theimportingcountrywill bepaid, onconditionthat thegoodshave beensentandaccepted:
Confirmingbanksare in akeypositiontosupportexportstocountrieswheretradingconditionsaredifficult.
Compare
issuing bank