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.
UBL Frequently Asked Question: 1. What is the IBAN? IBAN stands for International Bank Account Number. IBAN is not a new account number, but simply a new format for an existing bank account number that will be recognized internationally. The IBAN facilitates the communication and processing of payment transactions. The