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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.
A proverbial phrase or expression is a type of conventional saying similar to a proverb and transmitted by oral tradition. The difference is that a proverb is a fixed expression, while a proverbial phrase permits alterations to fit the grammar of the context. [1] [2] In 1768, John Ray defined a proverbial phrase as:
The consequences of bad credit can even extend to your job search or apartment hunt. since both employers and landlords want to work with people who have a history of managing money responsibly ...
Principal is an adjective meaning "main" (though it can also be a noun meaning the head of a college or similar institution). Principle is a noun meaning a fundamental belief or rule of action. Standard: The principal achievement of the nineteenth century is the rise of industry. Standard: He got sent to the principal's office for talking ...
Write a goodwill letter: Ask the creditor to remove a negative mark as a one-time courtesy. Credit report clean-up services You don’t need to clean up your credit report on your own.
Blanagram: rearranging the letters of a word or phrase and substituting one single letter to produce a new word or phrase; Letter bank: using the letters from a certain word or phrase as many times as wanted to produce a new word or phrase; Jumble: a kind of word game in which the solution of a puzzle is its anagram; Chronogram: a phrase or ...
The original meaning was similar to "the game is afoot", but its modern meaning, like that of the phrase "crossing the Rubicon", denotes passing the point of no return on a momentous decision and entering into a risky endeavor where the outcome is left to chance. alenda lux ubi orta libertas: Let light be nourished where liberty has arisen