commercial (documentary) letter of credit

См. также в других словарях:

• letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. There are many different kinds of letters of credit. The two most common are commercial letters and standby letters. A commercial or trade letter of credit is a bank… …   Financial and business terms

• 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

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

• commercial transaction — ▪ economics Introduction       in law, the core of the legal rules governing business dealings. The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of… …   Universalium

• Commercial bank — After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate… …   Wikipedia

• Crédit Documentaire — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …   Wikipédia en Français

• Crédit documentaire — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …   Wikipédia en Français

• Crédit documentaire irrévocable — Lettre de crédit Pour les articles homonymes, voir Lettre. La lettre de crédit (ou accréditif) est un engagement de paiement généralement irrévocable souscrit par le banquier d un acheteur de marchandises ou autres prestations commerciales de… …   Wikipédia en Français

• Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity …   Wikipedia

• Uniform Customs and Practice for Documentary Credits — The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilised by bankers and commercial parties in more than 175 countries in trade finance. Some 11 15% of… …   Wikipedia

• International commercial law — is the body of law that governs international sale transactions. [Mo, John S.; International Commercial Law (2003) 1.] A transaction will qualify to be international if elements of more than one country are involved. [Pryles, Jeff Waincymer, and… …   Wikipedia