transfer of letter of credit

  • 1Transferable Letter Of Credit — A letter of credit that permits the beneficiary of the letter to make some or all of the credit available to another party, thereby creating a secondary beneficiary. The party that initially accepts the transferable letter of credit from the bank …

    Investment dictionary

  • 2transferable letter of credit — Document that allows the first beneficiary on a standby bank assurance of funds to transfer all or part of the original letter of credit to a third party. Bloomberg Financial Dictionary …

    Financial and business terms

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

    Collocations dictionary

  • 4Credit 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

  • 5credit — n. & v. n. 1 (usu. of a person) a source of honour, pride, etc. (is a credit to the school). 2 the acknowledgement of merit (must give him credit for consistency). 3 a good reputation (his credit stands high). 4 a belief or trust (I place credit… …

    Useful english dictionary

  • 6Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity …

    Wikipedia

  • 7Credit rating agency — Corporate finance …

    Wikipedia

  • 8Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …

    Wikipedia

  • 9National Credit Union Share Insurance Fund — 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

  • 10Bill of credit — Bill Bill, n. [OE. bill, bille, fr. LL. billa (or OF. bille), for L. bulla anything rounded, LL., seal, stamp, letter, edict, roll; cf. F. bille a ball, prob. fr. Ger.; cf. MHG. bickel, D. bikkel, dice. Cf. {Bull} papal edict, {Billet} a paper.]… …

    The Collaborative International Dictionary of English