correspondent

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1. bank that holds deposits for other banks and performs services, such as check clearing. The deposit balance is a form of payment for services. Many community banks clear checks drawn on out-of-town banks through Reserve Accounts at a larger bank. Correspondent banks also buy participations in loans exceeding the Legal Lending Limit of a smaller bank, called the Respondent and give these banks access to financial markets, such as the foreign exchange market or financial futures market, that are ordinarily beyond the reach of smaller financial institutions.

2. Mortgage banker or broker who services mortgage loans for a fee, collecting principal and interest payments plus real estate taxes.

noun

Something closely resembling or analogous to something else: analogue, congener, correlate, correlative, counterpart, match, parallel. See same/different/compare.

adjective

In keeping with one's needs or expectations: accordant, agreeable, compatible, conformable, congenial, congruous, consistent, consonant, corresponding, harmonious. See agree/disagree.

This entry contains information applicable to United States law only.

A bank, securities firm, or other financial institution that regularly renders services for another in an area or market to which the other party lacks direct access. A bank that functions as an agent for another bank and carries a deposit balance for a bank in another city.

Securities firms may have correspondents in foreign countries or on exchanges — organizations that provide facilities for convening purchasers and sellers of securities — of which the firms are not members.

The term correspondent is distinct from corespondent — a person summoned to respond to litigation, together with another person, particularly, a paramour in a divorce action based on adultery.

The name given to a bank, broker, dealer, or financial institution that acts on behalf of another financial institution with limited or restricted access to the financial markets where a transaction must occur.

Investopedia Says:
Commonly done by smaller financial corporations that don't necessarily have the capital to enter into foreign markets and set up new operations. This is a cheaper method of providing international services to clients through agreements and partnerships.

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IN BRIEF: n. - Someone who communicates by means of letters; A journalist employed to provide news stories for newspapers or broadcast media. adj. - Similar or equivalent in some respects though otherwise dissimilar.

My friend did not prove to be a faithful correspondent over the years.

Tutor's tip: The "correspondent" (one who writes either publications or letters) wrote to the "corespondent" (the one who committed adultery with the person who is being sued in a divorce suit) to suggest a compromise.

LearnThatWord.com is a free vocabulary and spelling program where you only pay for results!

For a list of words related to correspondent, see:

• Journalism - correspondent: reporter covering stories in location distant from newspaper offices
• Broadcast Journalism - correspondent: person supplying news and broadcasting from remote location

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See words rhyming with "correspondent."

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

Common misspelling(s) of correspondent

• correspondant
• corrispondant

Dansk (Danish)
n. - brevskriver, læserbrevsskribent, korrespondent, forbindelse, modstykke
adj. - svarende til

Nederlands (Dutch)
correspondent, handelsrelatie, overeenkomend

Français (French)
n. - correspondant, (Journ) correspondant
adj. - correspondant

Deutsch (German)
n. - Briefschreiber, Korrespondent
adj. - entsprechend

Ελληνική (Greek)
n. - ανταποκριτής, επιστολογράφος, (οικον.) αντιπρόσωπος οικονομικού οργανισμού, ανταποκριτής
adj. - αντίστοιχος

Italiano (Italian)
corrispondente

Português (Portuguese)
n. - correspondente (m), correlativo (m)
adj. - correspondente, concordante

Русский (Russian)
корреспондент, человек, состоящий в переписке, соответствующий

Español (Spanish)
n. - corresponsal, correspondiente
adj. - correspondiente

Svenska (Swedish)
n. - brevskrivare, korrespondent, insändare, korrespondent (hand.), affärsförbindelse, kund
adj. - motsvarande, analog

中文（简体）(Chinese (Simplified))
通讯记者, 通信者, 符合的, 一致的

中文（繁體）(Chinese (Traditional))
n. - 通訊記者, 通信者
adj. - 符合的, 一致的

한국어 (Korean)
n. - 통신자, 특파원, 일치하는 것
adj. - 상응하는

日本語 (Japanese)
n. - 通信者, 通信員, 取引先, 一致するもの, 特派員
adj. - 対応する, 一致する

العربيه (Arabic)
‏(الاسم) مراسل (صفه) مطابق‏

עברית (Hebrew)
n. - ‮כתב‬
adj. - ‮מקביל, דומה, מתכתב, מתאים‬

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