Search results
Results from the WOW.Com Content Network
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 Online Etymology Dictionary or Etymonline, sometimes abbreviated as OED (not to be confused with the Oxford English Dictionary, which the site often cites), is a free online dictionary that describes the origins of English words, written and compiled by Douglas R. Harper. [1]
Credit (from Latin verb credit, meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date ...
Root Meaning in English Origin language Etymology (root origin) English examples cac-, kak-[1]bad: Greek: κακός (kakós), κάκιστος (kákistos): cachexia ...
A letter of credit or LC can also be the source of payment for a transaction, meaning that redeeming the letter of credit will pay an exporter. Letters of credit are used primarily in international trade transactions of significant value, for deals between a supplier in one country and a customer in another.
This is a list of English words of Hebrew origin.Transliterated pronunciations not found in Merriam-Webster or the American Heritage Dictionary follow Sephardic/Modern Israeli pronunciations as opposed to Ashkenazi pronunciations, with the major difference being that the letter taw (ת ) is transliterated as a 't' as opposed to an 's'.
Use the Sign-in Helper to locate your username and regain access to your account by entering your recovery mobile number or alternate email address.; To manage and recover your account if you forget your password or username, make sure you have access to the recovery phone number or alternate email address you've added to your AOL account.
A circular letter of credit issued by Baring Brothers to US Senator George Hoar for £1000, a very large sum of money in 1892.. A circular letter of credit was a letter of credit issued by a bank or related financial institution to a private person, usually an individual of means, which enabled that person to draw funds from correspondent banks while traveling.