ACQUIRER

acquirer

(noun) the financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card

acquirer

(noun) a corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock

acquirer

(noun) a person who acquires something (usually permanently)

Source: WordNet® 3.1


Etymology

Noun

acquirer (plural acquirers)

One who acquires.

A bank or financial institution that processes credit card or debit card payments on behalf of a merchant.

Source: Wiktionary


Ac*quir"er, n.

Definition: A person who acquires.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

11 February 2025

ALEWIFE

(noun) shad-like food fish that runs rivers to spawn; often salted or smoked; sometimes placed in genus Pomolobus


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Coffee Trivia

According to Guinness World Records, the largest coffee shop is the Al Masaa Café, which has 1,050 seats. The coffee shop was inaugurated in Riyadh, Saudi Arabia, on 13 August 2014.

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