back-to-back letter of credit

См. также в других словарях:

• standby letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. A standby letter of credit is a bank promise to pay the third party in the event of some defined failure by the bank s customer, usually, but not always, a failure to… …   Financial and business terms

• back-to-back credit — Also known as counter credits. A credit operation involving the use of two separate letters of credit. A letter of credit is issued at the seller s request to his own supplier (sometimes called the secondary credit), against a letter of credit… …   Law dictionary

• letter — let‧ter [ˈletə ǁ ər] noun [countable] 1. a written or printed message that is usually put in an envelope and sent by mail: • Please sign the letter and mail it back within two weeks. alloˈcation ˌletter also alˈlotment ˌletter FINANCE a letter… …   Financial and business terms

• credit — cred·it 1 n 1: recognition see also full faith and credit 2 a: the balance in an account which may be drawn upon and repaid later compare loan …   Law dictionary

• credit — an entry made on the right hand side of an account and indicating a gain to a liability, owner s equity or revenue account. Glossary of Business Terms money loaned. Bloomberg Financial Dictionary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1.… …   Financial and business terms

• Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… …   Financial and business terms

• Credit enhancement — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …   Wikipedia

• credit — {{Roman}}I.{{/Roman}} noun 1 arrangement to pay later; money borrowed ADJECTIVE ▪ long term, short term ▪ interest free ▪ foreign ▪ bank ▪ …   Collocations dictionary

• back to back — adjective 1. : facing in opposite directions and often touching standing in a row back to back train seats back to back 2. : dealt one in the hole and one face up used of a pair in stud poker aces back to back 3. : one after the other …   Useful english dictionary

• Credit unions in the United States — Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account Money market account Certificate of deposit …   Wikipedia

• credit — I (New American Roget s College Thesaurus) I n. faith, belief; credibility, trust; credit, borrowing power. v. t. believe, trust; credit. See accounting. II Borrowing power Nouns 1. credit, trust, score, tally, account, tab; loan (see debt);… …   English dictionary for students