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

29 April 2024

SUBDUCTION

(noun) a geological process in which one edge of a crustal plate is forced sideways and downward into the mantle below another plate


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Coffee Trivia

Some 16th-century Italian clergymen tried to ban coffee because they believed it to be “satanic.” However, Pope Clement VII loved coffee so much that he lifted the ban and had coffee baptized in 1600.

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