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  2. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.

  3. Demand guarantee - Wikipedia

    en.wikipedia.org/wiki/Demand_guarantee

    The demand guarantee bridges the "gap of distrust" that exists between the parties. When the bank issues the demand guarantee, the beneficiary deals with a party whose financial strength he can trust and a party which would pay upon first demand regardless of an existing dispute between the parties on the performance of the underlying contract. [5]

  4. Demand draft - Wikipedia

    en.wikipedia.org/wiki/Demand_draft

    A specimen demand draft. A demand draft (DD) is a negotiable instrument similar to a bill of exchange. A bank issues a demand draft to a client (drawer), directing another bank (drawee) or one of its own branches to pay a certain sum to the specified party (payee). [1] [2] A demand draft can also be compared to a cheque. However, demand drafts ...

  5. “Added 9 Years To A Short Sentence”: 50 Lawyers Recall The ...

    www.aol.com/70-most-memorable-moments-court...

    Image credits: LovePeaceHope-ish #6. A year out of law school, I once had a potential client who wanted me to sue Canada. Apparently, he could not get into the country due to his felony record.

  6. Correspondence between the Ottoman sultan and the Cossacks

    en.wikipedia.org/wiki/Correspondence_between_the...

    1683 Polish version of the Cossack letter to the sultan, found in 2019 [11] [12]. U.S.-based Slavic and Eastern European historian Daniel C. Waugh (1978) observed: . The correspondence of the sultan with the Chyhyryn Cossacks had undergone a textual transformation sometime in the eighteenth century whereby the Chyhyryntsy became the Zaporozhians and the controlled satire of the reply was ...

  7. Dunning (process) - Wikipedia

    en.wikipedia.org/wiki/Dunning_(process)

    Communications progress from gentle reminders to threatening letters and phone calls and more or less intimidating location visits as accounts become more overdue. Laws in each country regulate the form that dunning can take. It is generally unlawful to harass or threaten consumers. It is acceptable to issue firm reminders and to take all ...

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