Definitions for "Bank Release"
An import shipment requiring notification and release from a bank or in care of a bank. The release must be on the bank's stationary and must be an original copy. Photocopies, fax, and phone calls are not acceptable. Also see Letter Of Credit.
Document issued by a bank after being paid on a bill of exchange thus allowing the purchaser of the goods to take delivery.
A document issued by a bank, after it has been paid or given an acceptance, giving authority to a person to take delivery of goods.