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merchant bank

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noun British Finance.
  1. a private banking firm engaged chiefly in investing in new issues of securities and in accepting bills of exchange in foreign trade.
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Origin of merchant bank

First recorded in 1900–05
Related formsmerchant banker, nounmerchant banking, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for merchant bank

merchant bank

noun
  1. (in Britain) a financial institution engaged primarily in accepting foreign bills, advising companies on flotations and takeovers, underwriting new issues, hire-purchase finance, making long-term loans to companies, and managing investment portfolios, funds, and trusts
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Derived Formsmerchant banker, noun
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012