HAUSBANK
\hˈɔːsbaŋk], \hˈɔːsbaŋk], \h_ˈɔː_s_b_a_ŋ_k]\
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In Germany, a BANK acting as the primary relationship banker to a company, providing or arranging a variety of creditrelated services. Hausbanks often wield additional power by directly holding large shareholdings in client companies and by voting PROXIES on behalf of investors who leave their shares in bank CUSTODY.
By Henry Campbell Black
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"