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  2. Letter of credit - Wikipedia

    en.wikipedia.org/wiki/Letter_of_credit

    Latest shipment date or given period for shipment. The first beneficiary may demand from the transferring bank to substitute for the applicant. However, if a document other than the invoice must be issued in a way to show the applicant's name, in such a case that requirement must indicate that in the transferred credit it will be free.

  3. Bill of lading - Wikipedia

    en.wikipedia.org/wiki/Bill_of_lading

    The word "lading" means "loading", both words being derived from the Old English word hladan. [15] "Lading" specifically refers to the loading of cargo aboard a ship. [16] The Dutch word "lading" has exactly the same meaning (freight, cargo, an amount of transportable goods) as it has in the English "bill of lading", but is not restricted to ...

  4. LCL - Wikipedia

    en.wikipedia.org/wiki/LCL

    Less than container load, a service of freight forwarders for part loads in shared container; Less-than-car load freight, less than a full boxcar or box motor; Liquid crystal laser; Lifted condensation level or lifting condensation level, a meteorological term; Lazarus Component Library, the Lazarus GUI subsystem, similar to Borland VCL

  5. Real estate business - Wikipedia

    en.wikipedia.org/wiki/Real_estate_business

    A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...

  6. Realtor commission changes are here: What they mean for ...

    www.aol.com/finance/high-profile-commission...

    Ken H. Johnson, a real estate economist at Florida Atlantic University and a former real estate broker, says the new rules just add another layer of complexity to an already-confusing process.

  7. Land registration - Wikipedia

    en.wikipedia.org/wiki/Land_registration

    A sale agreement on real estate is legally binding even without registration in the land register, the only requirement being certification of the agreement by a notary. Registration is required, however, in order for the new owner to sell or otherwise transfer the property, or enter a mortgage.

  8. Closing (real estate) - Wikipedia

    en.wikipedia.org/wiki/Closing_(real_estate)

    Before the closing happens, the settlement agency must ensure that all the money that the lender and buyer expect to send into escrow matches the total amount expected by parties that need to be paid, such as the seller and real estate agents. This matching process means that accounting information is gathered and the order is “balanced.” [8]

  9. Multiple listing service - Wikipedia

    en.wikipedia.org/wiki/Multiple_listing_service

    A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.