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The fundamental principle of all letters of credit is that letters of credit deal with documents and not with goods. The payment obligation is independent from the underlying contract of sale or any other contract in the transaction. The bank's obligation is defined by the terms of the LC alone, and the contract of sale is not considered.
The word "lading" means "loading", both words being derived from the Old English word hladan. [15] "Lading" specifically refers to the loading of cargo aboard a ship. [16] The Dutch word "lading" has exactly the same meaning (freight, cargo, an amount of transportable goods) as it has in the English "bill of lading", but is not restricted to ...
A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e. the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender) to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu of foreclosure offers several advantages to both the borrower and the lender.
Before the closing happens, the settlement agency must ensure that all the money that the lender and buyer expect to send into escrow matches the total amount expected by parties that need to be paid, such as the seller and real estate agents. This matching process means that accounting information is gathered and the order is “balanced.” [8]
Less than container load, a service of freight forwarders for part loads in shared container; Less-than-car load freight, less than a full boxcar or box motor; Liquid crystal laser; Lifted condensation level or lifting condensation level, a meteorological term; Lazarus Component Library, the Lazarus GUI subsystem, similar to Borland VCL
The changes could mean buyers will save on commissions, eventually bringing U.S. fees more in line with the much lower transaction costs seen in other residential property markets around the world.
The way real estate commissions work just changed for both buyers and sellers. ... The national average has been about 5 percent of the home’s sale price, typically split down the middle with 2. ...
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...