Glossary

Politically Exposed Persons (PEP)

Politically Exposed Persons: Individuals, or their relatives, who are prominent public functionaries.

Related Terms

  • Retired Routing Number

    A number that is no longer active (or no longer accepted by an institution) for check transactions, ACH transactions and/or wire transfers.

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  • Correspondent Banking

    A relationship entered into between a small bank and a big bank in which the big bank provides a number of deposit, lending, and other services.

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