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WordNet-Online
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Definitions from the WebBank Asset VerificationNoun: A process in which a bank confirms the existence and value of a customer's assets. "To secure a loan, the bank requires bank asset verification from the borrower." Adjective: Relating to the confirmation of assets by a financial institution. "The bank asset verification process is crucial in assessing a client's financial worth." Verb: The action of verifying the assets of a customer by a bank. "The bank asset verification is a routine procedure conducted by banks to minimize risk." Related Products: | ||||
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