Definition of definition for English Language Learners. : an explanation of the meaning of a word, phrase, etc. : a statement that defines a word, phrase, etc. : a statement that describes what something is.
An IBAN (International Bank Account Number) is an international bank account identifier used to uniquely identify the account of a customer at a financial institution. This is the only permissible account identifier for SEPA payments.
the international bank account number iban is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errorshe basic bank account number bban format is decided by the national central bank or designated payment authority of each country there is no consistency between the formats adopted the national authority may register its bban format with swift but is not obliged to do so it may adopt iban without registration