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  2. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    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.

  3. Documentary collection - Wikipedia

    en.wikipedia.org/wiki/Documentary_collection

    Make international trade operations more flexible, Use Documentary Collection in cases when the seller does not want to deliver goods to the buyer on "open account" basis, but due to a long-term stable business relationship between the parties there is no need for security provided by a Letter of Credit or payment guarantee, Documentary collection is suitable to the seller: if the seller has ...

  4. Institute of International Banking Law & Practice - Wikipedia

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

    Containing statistics, news items, and expert opinions regarding specific operational and legal issues concerning banking, international trade, and finance, Documentary Credit World is a monthly publication that reports on the development of Letter of Credit Law and Practice and related issues. [11]

  5. Can a goodwill letter get late payments removed from your ...

    www.aol.com/finance/goodwill-letters-payments...

    A goodwill letter is a formal letter sent to a creditor, lender or collection agency to request forgiveness for a late payment or other negative item on your credit report. In the letter, you ...

  6. Should I pay for a canceled order that was delivered? - AOL

    www.aol.com/finance/pay-canceled-order-delivered...

    Never pay for unsolicited merchandise; if there’s a return address, return to sender. Change account passwords and monitor your credit card statements. File a fraud report if the items come from ...

  7. Uniform Customs and Practice for Documentary Credits

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

    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.

  8. What is a 609 dispute letter? - AOL

    www.aol.com/finance/609-dispute-letter-221731481...

    The bottom line. It’s important to review your credit report regularly and dispute all inaccurate information. A Section 609 dispute letter allows consumers to request verification of accounts ...

  9. America’s Most Admired Lawbreaker - The Huffington Post

    highline.huffingtonpost.com/miracleindustry/...

    In 2001, Sheller got a tip from a Florida woman who had seen him on television. She claimed that samples of Prozac had been mailed unsolicited to her son. Sheller snooped around the way good plaintiffs lawyers do and soon found that Prozac’s manufacturer, Eli Lilly, was apparently sending the samples all over Florida.

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