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Found on
http://en.wikipedia.org/wiki/Merchant_Banking

(from the article `bank`) ...specializing in the depositing and lending of money and the creation of generally spendable IOUs that could serve in place of coins or other ...
Found on
http://www.britannica.com/eb/a-z/m/73

A form of banking where the bank arranges credit financing, but doesn't hold loans until maturity. A merchant bank invests its own capital in leveraged buyouts, corporate acquisitions and other structured financial transactions. It is a fee-based business, in which the bank assumes market risk but no long-term credit risk.
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http://www.encyclo.co.uk/visitor-contributions.php
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