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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.
Credit (from Latin verb credit, meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date ...
A circular letter of credit issued by Baring Brothers to US Senator George Hoar for £1000, a very large sum of money in 1892.. A circular letter of credit was a letter of credit issued by a bank or related financial institution to a private person, usually an individual of means, which enabled that person to draw funds from correspondent banks while traveling.
Root Meaning in English Origin language Etymology (root origin) English examples cac-, kak-[1]bad: Greek: κακός (kakós), κάκιστος (kákistos): cachexia ...
Takes groups of three parameters (triplets) that indicate a part of an etymology and produces formatted output Template parameters [Edit template data] Parameter Description Type Status Language 1 1 ISO 639 code or name for the language of the word or first root Example gre String suggested Orthography 1 2 How the word or first root is written in the original language Example ''βίος ...
Etymology (/ ˌ ɛ t ɪ ˈ m ɒ l ə dʒ i /, ET-im-OL-ə-jee [1]) is the study of the origin and evolution of words—including their constituent units of sound and meaning—across time. [2] In the 21st century a subfield within linguistics , etymology has become a more rigorously scientific study. [ 1 ]
In contract law, the term "boilerplate language" or "boilerplate clause" describes the parts of a contract that are considered standard.A standard form contract or boilerplate contract is a contract between two parties, where the terms and conditions of the contract are set by one of the parties, and the other party has little or no ability to negotiate more favorable terms and is thus placed ...
Many cultures throughout history have speculated on the nature of the mind, heart, soul, spirit, brain, etc. For instance, in Ancient Egypt, the Edwin Smith Papyrus contains an early description of the brain, and some speculations on its functions (described in a medical/surgical context) and the descriptions could be related to Imhotep who was the first Egyptian physician who anatomized and ...