Secondary Bank

(redirected from Secondary Banks)

Secondary Bank

1. A bank that provides financing for purchases that require repayment on an installment plan.

2. A bank that provides financing to other banks, rather than to businesses or individuals.
References in periodicals archive ?
But wholesale money markets bring together surplus or primary banks with an excess of deposits from non-banks and deficit secondary banks which do not have large deposit bases and obtain deposits in wholesale markets.
Devlin and Gerrard (2005) studied the relative importance of various choice criteria for main and secondary banks.
The Letters of Credit are being issued by a western bank approved by the company with no secondary banks involved.
S2 Card Services chief executive Roger Alexander explains: "Switch grew despite itself almost from a scheme in which just three banks were involved (NatWest, Midland and the Royal Bank of Scotland) to one that involved both primary banks [those issuing Switch cards] and secondary banks [those accepting Switch transactions].