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A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A financial institution makes available an amount of credit to a business or consumer during a specified period of time. [1]
UN map showing Siachen in white. Line between the green and white area is the "Actual Ground Position Line" (AGPL). The white area east of the AGPL is held by India. Indo-Pak mutually-agreed undisputed "International Border" (IB) in the black line, Indo-Pak "Line of Control" (LoC) in black dotted line in the north and west, Indo-Sino "Line of Actual" (LAC) in black dotted line in the east ...
Image 1: After a contract is concluded between a buyer and a seller, the buyer's bank supplies a letter of credit to the seller. Image 2: The seller consigns the goods to a carrier in exchange for a bill of lading. Image 3: The seller provides the bill of lading to the bank in exchange for payment. The seller's bank then provides the bill to ...
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000.
The LAC is different from the borders claimed by each country in the Sino-Indian border dispute. The Indian claims include the entire Aksai Chin region and the Chinese claims include Arunachal Pradesh/Zangnan. These claims are not included in the concept of "actual control". The LAC is generally divided into three sectors: [5] [9]
Islamic finance theorist Muhammad Taqi Usmani lists seventeen "Basic Rules of Leasing" (leasing referring to Islamic leasing which Usmani uses interchangeably with ijarah) in his work Islamic Finance: Principles and Practice — although "the principles of ijarah are so numerous that a separate volume is required for their full discussion". [5]
In finance, a locate is an approval from a broker that needs to be obtained prior to effecting a short sale in any equity security, i.e. to "locate" securities available for borrowing. The requirement, in the United States, to locate a stock before 'shorting' has existed for a long time. Regulation SHO was announced by the SEC in July 2004.
A hundi or hundee is a financial instrument that was developed in Medieval India for use in trade and credit transactions. Hundis are used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions.