consolidator

consolidator definition - finance
  1. A provider of electronic bill payment services over the Internet. Companies that operate Internet banks and financial Web sites contract with consolidators to allow their customers to receive and pay their bills online.
  2. A company that helps indebted consumers pay off their bills by consolidating all of their obligations into one monthly payment, which is then remitted to the appropriate company.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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