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.
International Bank Account Number (IBAN) UK Guide. IBAN or international bank account number is a system of assigning a unique number to an individual, using which the personâs banking information or details would be globally or internationally recognized.f a bank is recognized in a country and has its national code, allows foreign transactions and adheres to the IBAN system of numbering accounts then by the virtue of the bankâs provisions, an individual will have his or her international bank account number.