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The bank accepts (guarantees) the obligation to pay the holder of the draft, analogous to a cashier's check. The draft holder may hold the acceptance until maturity and receive the face value payment from the bank, or it may sell (exchange) the acceptance at a discount to another party willing to wait until maturity to receive the bank's ...
3D printing, or additive manufacturing, is the construction of a three-dimensional object from a CAD model or a digital 3D model. [1] [2] [3] It can be done in a variety of processes in which material is deposited, joined or solidified under computer control, [4] with the material being added together (such as plastics, liquids or powder grains being fused), typically layer by layer.
A confirming bank is a bank other than the issuing bank that adds its confirmation to credit upon the issuing bank's authorization or request thus providing more security to the beneficiary. A complying presentation is a set of documents that meet with the requirements of the letter of credit and all of the rules relating to letters of credit.
The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.
Computer-aided design (CAD) model used for 3D printing. The manual modeling process of preparing geometric data for 3D computer graphics is similar to plastic arts such as sculpting. 3D scanning is a process of collecting digital data on the shape and appearance of a real object, creating a digital model based on it.
This technology was first developed at the Massachusetts Institute of Technology and patented in 1993. In 1996, the ExOne Company was granted an exclusive field-of-use patent for the technology, [2] while Z Corporation, which was later acquired by 3D Systems, [3] obtained a non-exclusive patent for use of the technology for metal casting purposes. [4]
3D concrete printing, or simply concrete printing, refers to digital fabrication processes for cementitious materials based on one of several different 3D printing technologies. 3D-printed concrete eliminates the need for formwork, reducing material waste and allowing for greater geometric freedom in complex structures. With recent developments ...
There are many 3D content strategies being developed as part of the growing industry of 3D printing. Companies that are not 3D printing specialists are entering the field. These may be companies who have existing content and brands that can be distributed as 3D models, or they may need tools that enable the secure and efficient distribution of ...