issuing bank undertaking

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• Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …   Wikipedia

• ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

• letter of credit — letter of credit: a document issued to a beneficiary at the request of the issuer s customer in which the issuer (as a bank) promises to honor a demand for payment by the beneficiary in order to satisfy or secure the customer s debt compare… …   Law dictionary

• issuer — This term has different meanings depending on the context in which it is used:  For the purposes of the Listing Rules, any company or other legal person or undertaking (including a public sector issuer), any class of whose securities has been… …   Law dictionary

• negotiation credit — A type of letters of credit. Where a seller obtains a negotiation credit, the undertakings of the issuing bank (and the confirming bank if any) are directed to any bank of a description stated in the letter of credit (such a bank is called a… …   Law dictionary

• straight credits — (or specially advised credits) A type of letters of credit. If a straight credit is issued, the undertaking of the issuing bank (and the confirming bank if any) is directed to the named seller alone, and only he may rely on it. Practical Law… …   Law dictionary

• specially advised credits — straight credits (or specially advised credits) A type of letters of credit. If a straight credit is issued, the undertaking of the issuing bank (and the confirming bank if any) is directed to the named seller alone, and only he may rely on it.… …   Law dictionary

• performing arts — arts or skills that require public performance, as acting, singing, or dancing. [1945 50] * * * ▪ 2009 Introduction Music Classical.       The last vestiges of the Cold War seemed to thaw for a moment on Feb. 26, 2008, when the unfamiliar strains …   Universalium

• Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… …   Universalium

• china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material …   Universalium

• China — /chuy neuh/, n. 1. People s Republic of, a country in E Asia. 1,221,591,778; 3,691,502 sq. mi. (9,560,990 sq. km). Cap.: Beijing. 2. Republic of. Also called Nationalist China. a republic consisting mainly of the island of Taiwan off the SE coast …   Universalium