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  2. Uniform Customs and Practice for Documentary Credits

    en.wikipedia.org/wiki/Uniform_Customs_and...

    This publication has evolved into a necessary companion to the UCP for determining compliance of documents with the terms of letters of credit. It is the expectation of the Drafting Group and the Banking Commission that the application of the principles contained in the ISBP, including subsequent revisions thereof, will continue during the time ...

  3. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    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.

  4. Demand guarantee - Wikipedia

    en.wikipedia.org/wiki/Demand_guarantee

    A bank lending against an SBLC alone in such a manner would in effect be purposefully underwriting a loan with the expectation that there was to be a default, which is not something bank regulators would approve. [citation needed] Demand Guarantee can be issued as the primary means for meeting the loan or facility repayment terms.

  5. Institute of International Banking Law & Practice - Wikipedia

    en.wikipedia.org/wiki/Institute_of_International...

    The Institute of International Banking Law & Practice is a non-profit American educational and research organization that studies banking law and practice. [1] It was founded in 1987. The institute's efforts to harmonize international law and practice have resulted in the ISP98 (International Standby Practices) and ICLOCA (International Center ...

  6. List of business and finance abbreviations - Wikipedia

    en.wikipedia.org/wiki/List_of_business_and...

    TB – Transaction Banking; TBC – To Be Completed or To Be Confirmed; TBD – To Be Defined or To Be Determined; TCO – Total Cost of Ownership; TCV – Total Contract Value; TOTW – Time Off for Time Worked; TQM – Total Quality Management; TSR – Total shareholder return; TTM – Trailing Twelve Months; TVM – Time Value of Money; Ts ...

  7. Lower rates mean lower deposit rates, right? Probably not - AOL

    www.aol.com/finance/lower-rates-mean-lower...

    Loan and deposit pricing are tied together. Your conversations with friends and relatives probably paint a pretty clear picture of today’s pent-up loan demand among everyday people and businesses.

  8. Acceptance credit - Wikipedia

    en.wikipedia.org/wiki/Acceptance_Credit

    An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. The bank "accepts" bills of exchange drawn on the bank by the debtor, discounts them and agrees to pay for them when they mature.

  9. What’s next for Infowars - AOL

    www.aol.com/finance/next-infowars-100042853.html

    Alex Jones’ control of Infowars has lived on another day, although the long-term future of the site, known for peddling conspiracy theories, has been thrown into doubt after a bankruptcy judge ...