Word Pronunciation & Dictionary

acquiring financial institution

Word Rarity Rare

Frequency: 3.69 in modern English

Syllables: ac-quir-ing -fi-nan-cial in-sti-tu-tion
IPA

46

Scrabble Score

29

Letters

9

Syllables

13

Unique Chars

Meaning

noun

An institution that contracts with the bank and the merchant to enable credit card transactions. The acquirer deposits the credit card totals and debits the end-of-month processing fees from the merchants' accounts.

Inflected Forms

acquiring financial institutions (plural)

Synonyms

acquirer AFI

Questions

What does acquiring financial institution mean?: An institution that contracts with the bank and the merchant to enable credit card transactions. The acquirer deposits the credit card totals and debits the end-of-month processing fees from the merchants' accounts.

How to pronounce acquiring financial institution

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