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The applicant is the person or company who has requested the letter of credit to be issued; this will normally be the buyer. The beneficiary is the person or company who will be paid under the letter of credit; this will normally be the seller (UCP600 Article 2 defines the beneficiary as "the party in whose favour a credit is issued").
In law, a concurring opinion is in certain legal systems a written opinion by one or more judges of a court which agrees with the decision made by the majority of the court, but states different (or additional) reasons as the basis for their decision.
A discharge is a type of sentence imposed by a court whereby no punishment is imposed. An absolute discharge is an unconditional discharge whereby the court finds that a crime has technically been committed but that any punishment of the defendant would be inappropriate and the case is closed. In some jurisdictions, an absolute discharge means ...
Attorney General Dave Yost approved the summary for the proposed amendment after the Ohio Supreme Court ordered the review in late October following Yost’s rejection based on the title.
Authorities set on a worldwide chase to find Nicholas Alahverdian, once praised for his work as a child advocate, who has been accused of rape, abuse and fraud.
A concurrent resolution is a resolution (a legislative measure) adopted by both houses of a bicameral legislature that lacks the force of law (is non-binding) ...
Choose your Most Memorable Sports Moment of 2024. Choose between the Kansas City Chiefs winning the Super Bowl, the Summer Olympic Games in Paris, France, or LA Dodgers Shohei Ohtani becoming the ...
Passive activity loss and credit carryovers – Any passive activity loss or credit carryover under 26 U.S.C. §469(b) from the taxable year of the discharge; Foreign tax credit carryovers – Any carryover to or from the taxable year of the discharge for purposes of determining the amount of the credit allowable under 26 U.S.C. §27