Bilateral Credit

Business, Legal & Accounting Glossary

Definition: Bilateral Credit


Bilateral Credit


Full Definition of Bilateral Credit


noun credit allowed by banks to other banks in a clearing system, to cover the period while cheques are being cleared credit allowed by banks to other banks in a clearing system, to cover the period while cheques are being cleared


Cite Term


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https://payrollheaven.com/define/bilateral-credit/
Modern Language Association (MLA):
Bilateral Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 29, 2021 https://payrollheaven.com/define/bilateral-credit/.
Chicago Manual of Style (CMS):
Bilateral Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/bilateral-credit/ (accessed: November 29, 2021).
American Psychological Association (APA):
Bilateral Credit. PayrollHeaven.com. Retrieved November 29, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/bilateral-credit/

Definition Sources


Definitions for Bilateral Credit are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.