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Noun: acquirer  u'kwI(-u)r-u(r)
  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
    - merchant bank [Brit]

Derived forms: acquirers

Type of: bank, banking company, banking concern, depository financial institution, financial institution, financial organisation [Brit], financial organization, individual, mortal, person, somebody, someone, soul

Encyclopedia: Acquirer