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"Five Cs of Singapore" — namely, cash, car, credit card, condominium and country club — is a phrase used in Singapore to refer to materialism. [1] It was first coined as a popular observational joke during the 1990s about the aspirations of some Singaporeans that exhibits materialistic tendencies by constantly seeking to obtain material possessions in an effort to impress others.
5 Cs, 5CS, may refer to: Five Cs of Singapore , meaning "Cash, Car, Credit card, Condominium and Country club membership", a phrase used in Singapore to refer to materialism The 5Cs, the foundation of the early economy of Phoenix, Arizona, USA .
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.
Five Cs of Singapore, a cultural term relating to materialism; Five-cent coin; The consortium of the five Claremont Colleges; Five Company (5C) Digital Transmission Content Protection; The iPhone 5C, a smartphone designed and marketed by Apple Inc. The Honor 5C; 5C, the production code for the 1978 Doctor Who serial The Stones of Blood
The five Cs of Credit—Character, Cash Flow, Collateral, Conditions and Covenants—have been replaced by one single criterion. While the international standards of bank capital were established in the 1988 Basel I accord, Basel II makes significant alterations to the interpretation, if not the calculation, of the capital requirement.
It took me five years to go from no credit to a credit score of over 800. I have never missed a payment, paid late or owed more than 10 percent of my overall credit limit, so the climb was ...
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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 ...