direct-pay letter of credit

  • 1letter 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

  • 2Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …

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  • 3credit — {{Roman}}I.{{/Roman}} noun 1 arrangement to pay later; money borrowed ADJECTIVE ▪ long term, short term ▪ interest free ▪ foreign ▪ bank ▪ …

    Collocations dictionary

  • 4Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity …

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  • 5Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …

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  • 6Social Credit — is a socio economic philosophy wherein consumers, fully provided with adequate purchasing power, establish the policy of production through exercise of their monetary vote.cite book |title=Credit Power and Democracy |last=Douglas |first=C.H.… …

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  • 7National Rural Letter Carriers' Association — Full name National Rural Letter Carriers Association Founded 1903 Country United States Key people Jeanette Dwyer, President Ronnie Stutts, Vice President …

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  • 8POLAND — POLAND, republic in E. Central Europe; the kingdom of Poland and the grand duchy of Lithuania united formally (Poland Lithuania) in 1569. This article is arranged according to the following outline: the early settlements jewish legal status… …

    Encyclopedia of Judaism

  • 9Debt — For other uses, see Debt (disambiguation). Personal finance Credit and debt Pawnbroker Student loan Employment contract …

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  • 10payment — The amount required to repay a loan, including interest and fees. Bloomberg Financial Dictionary * * * payment pay‧ment [ˈpeɪmənt] noun 1. [countable, uncountable] FINANCE an amount of money that must be or has been paid, or the act of paying it …

    Financial and business terms