banker’s credit
61Letter of credit — Credit Cred it (kr[e^]d [i^]t), n. [F. cr[ e]dit (cf. It. credito), L. creditum loan, prop. neut. of creditus, p. p. of credere to trust, loan, believe. See {Creed}.] 1. Reliance on the truth of something said or done; belief; faith; trust;… …
62Public credit — Credit Cred it (kr[e^]d [i^]t), n. [F. cr[ e]dit (cf. It. credito), L. creditum loan, prop. neut. of creditus, p. p. of credere to trust, loan, believe. See {Creed}.] 1. Reliance on the truth of something said or done; belief; faith; trust;… …
63closed-end credit — Credit extensions in which the borrower receives the entire proceeds of the loan at or shortly after the loan is closed. In closed end credit facilities, the amount borrowed cannot increase after it has been disbursed and partially repaid. Closed …
64Warehouse line of credit — A warehouse line of credit is a credit line used by mortgage bankers. It is a revolving line of credit in which a mortgage banker arranges for a loan from a warehouse lender, thenthe original note from the loan is kept by the warehouse lender,… …
65Bank of Credit and Commerce International — Infobox Defunct company company name = Bank of Credit and Commerce International company slogan = company type = fate = Liquidation Predecessor = successor = foundation = flagicon|UK London in 1972 defunct = 1991 location = flagicon|UK London… …
66commercial letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. A commercial or trade letter of credit is a bank promise to pay the third party for the purchase of goods by the bank s customer. If the bank s obligation to pay is not …
67trade letter of credit — An obligation issued by a bank on behalf of a bank customer to a third party. A commercial or trade letter of credit is a bank promise to pay the third party for the purchase of goods by the bank s customer. If the bank s obligation to pay is not …
68Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …
69David Leavitt (banker) — New York City banker David Leavitt, ca. 1820, Samuel Lovett Waldo, Brooklyn Museum of Art David Leavitt (August 29, 1791 – December 30, 1879) was an early New York City banker and financier. As president of the American Exchange Bank of New York… …
70letter 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… …
