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irrevocable payment

См. также в других словарях:

  • irrevocable letter of credit — Assurance of funds issued by a bank that cannot be canceled or amended without the beneficiary s approval. Bloomberg Financial Dictionary * * * irrevocable letter of credit irrevocable letter of credit ➔ letter of credit * * * irrevocable letter… …   Financial and business terms

  • Irrevocable Letter Of Credit - ILOC — A letter of credit that can t be canceled. This guarantees that a buyer s payment to a seller will be received on time and for the correct amount. This is often used in international transactions …   Investment dictionary

  • Finality Of Payment — Refers to the instant that a payment to another party is completed, at which point the receiving institution has irrevocable access to the money. This is more commonly referred to as the moment when funds are good in an account. The concept and… …   Investment dictionary

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

  • Cross-Currency Settlement Risk — A type of settlement risk in which a party involved in a foreign exchange transaction remits the currency it has sold, but does not receive the currency it has bought. In cross currency settlement risk, the full amount of the currency purchased… …   Investment dictionary

  • Dokumente gegen unwiderruflichen Zahlungsauftrag-Inkassi — Documents against Irrevocable Payment Order; Form des ⇡ Dokumenteninkassos, bei der dem Importeur die ⇡ Exportdokumente von der vorlegenden Inkassobank gegen Leistung seiner Unterschrift auf einem unwiderruflichen Zahlungsauftrag mit späterer… …   Lexikon der Economics

  • DHN Food Distributors Ltd v Tower Hamlets London Borough Council — DHN Food Distributors Ltd v Tower Hamlets LBC Court Court of Appeal Date decided 4 March 1976 Citation(s) [1976] 1 WLR 852 …   Wikipedia

  • 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

  • Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… …   Universalium

  • Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …   Wikipedia

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

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