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Meaning of acquirer


1 definition found

From WordNet (r) 3.0 (2006) [wn]:

  acquirer
      n 1: a person who acquires something (usually permanently)
      2: a corporation gaining financial control over another
         corporation or financial institution through a payment in
         cash or an exchange of stock
      3: the financial institution that dispenses cash in automated
         teller machines and collects a fee from the bank that issued
         the credit card
      4: a credit card processing bank; merchants receive credit for
         credit card receipts less a processing fee [syn: {merchant
         bank}, {acquirer}]


WordNet ® Princeton University. http://wordnet.princeton.edu

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