Noun: acquirer u'kwI(-u)r-u(r)
- A person who acquires something (usually permanently)
"He was a frequent acquirer of rare books and manuscripts"
- A corporation gaining financial control over another corporation or financial institution through a payment in cash or an exchange of stock
"The tech giant became an acquirer of several smaller startups"
- A credit card processing bank; merchants receive credit for credit card receipts less a processing fee
"The small business owner chose a reliable acquirer for handling credit card transactions";
- merchant bank [Brit]
- The financial institution that dispenses cash in automated teller machines and collects a fee from the bank that issued the credit card
"The acquirer processed the ATM transaction and charged a small fee"
Derived forms: acquirers
Type of: actor, bank, banking company, banking concern, depository financial institution, doer, financial institution, financial organisation [Brit], financial organization, worker
Encyclopedia: Acquirer