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BranchAn operation in a foreign country incorporated in the home country.Branch Similar MatchesForeign branchForeign branchA foreign affiliate that is legally a part of the parent firm. According to the U.S. tax code, foreign branch income is taxed as it is earned in the foreign country. Collecting branchCollecting branchA banking term which refers to the branch which accepts cheques to be credited to its customers' accounts and subsequently obtains the proceeds from the issuing banks, usually by a clearing arrangement. Riegle Neal Interstate Banking and Branching Efficiency Act of 1994Riegle Neal Interstate Banking and Branching Efficiency Act of 1994Law permitting interstate banking in the US Inter branch clearingInter branch clearingThe process of payment clearance between two branches of the same bank. |
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