guarantee of credit repayment
1Credit channel — The credit channel mechanism of monetary policy describes the theory that a central bank s policy changes affect the amount of credit that banks issue to firms and consumers for purchases, which in turn affects the real economy. Contents 1 Credit …
2Credit rationing — refers to the situation where lenders limit the supply of additional credit to borrowers who demand funds, even if the latter are willing to pay higher interest rates. It is an example of market imperfection, or market failure, as the price… …
3Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …
4credit linked security — A type of credit derivative instrument. Credit linked notes are a securitized form of credit derivatives. The protection buyer issues notes. If a specified credit event occurs, the investor who buys the notes has to suffer either a delay in… …
5Export credit agency — Export credit agencies, known in trade finance as ECAs, are private or quasi governmental institutions that act as intermediaries between national governments and exporters to issue export financing. The financing can take the form of credits… …
6export credit agency — (ECA) International, United Kingdom A private, governmental or quasi governmental agency which provides support to promote the export of goods and services from the country in which the export credit agency (ECA) is based. The support can take… …
7letter 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… …
8Standby Letter of Credit - SLOC — A guarantee of payment issued by a bank on behalf of a client that is used as payment of last resort should the client fail to fulfill a contractual commitment with a third party. Standby letters of credit are created as a sign of good faith in… …
9National Credit Control — John Bernard Ball ran as a National Credit Control candidate in the federal 1957 federal election in Canada in the riding of Regina City in Saskatchewan. He won 122 of the 40,813 votes cast (0.3% of the popular vote). Ball ran to promote National …
10standby credit — A letter of credit that guarantees a loan or other form of credit facility. The bank that issues it promises to refund the amount borrowed if the borrower defaults on repayment. It calls for a certificate of default by the applicant. In a note… …
