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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.
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.
Acknowledgment – Expression of gratitude for assistance in creating a work; All persons fictitious disclaimer – Statement that the persons portrayed in a work of media are not based on real people
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 .
Debt settlement (also called debt reduction, debt negotiation or debt resolution) is a settlement negotiated with a debtor's unsecured creditor.Commonly, creditors agree to forgive a large part of the debt: perhaps around half, though results can vary widely.
40+ Phrases to Talk Dirty: Still struggling with what to say? Bank a few of these for future use. You can even take credit for them—we won't tell. “You’re so hot. I love it when you’re ...
DIY credit repair: 5 steps to clean up your credit When it comes to errors on your credit reports, you have the legal right to get the information removed or fixed for free.
Up and Down, or variants, may refer to: Up and down, relative vertical direction; Up and down, railway directions; Film and TV. Up and Down, an Italian film; Up and ...