banker’s credit
71letter of credit — Date: 1645 1. a letter addressed by a banker to a correspondent certifying that a person named therein is entitled to draw on the writer s credit up to a certain sum 2. a letter addressed by a banker to a person to whom credit is given… …
72Export Credit Guarantee Corporation of India — The Export Credit Guarantee Corporation of India Limited (ECGC in short) is a company wholly owned by the Government of India. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.… …
73Farm Credit Council — The Farm Credit Council is the national trade association of the Farm Credit System, a U.S. network of borrower owned cooperative lending institutions and service organizations. The Farm Credit Council represents the Farm Credit System in… …
74revolving line of credit — A type of credit facility. A term that can be confusing, with different banks using the term to describe different types of credit facilities. 1. In some banks, revolving line of credit refers to a credit facility that permits the borrower to… …
75letter of credit — documentary credit A letter from one banker to another authorizing the payment of a specified sum to the person named in the letter on certain specified conditions. Commercially, letters of credit are widely used in the international import and… …
76letter of credit — documentary credit A letter from one banker to another authorizing the payment of a specified sum to the person named in the letter on certain specified conditions (see letter of indication). Commercially, letters of credit are widely used in the …
77Nicholas Biddle (banker) — This article is about Nicholas Biddle the banker. For Nicholas Biddle the naval officer, see Nicholas Biddle (naval officer). Nicholas Biddle portrait by William Inman, c.1830s Born January 8, 1786 …
78Federation credit — The Federation Credit is the basic monetary unit of the United Federation of Planets in the fictional Star Trek series.It has been said in episodes like the episode The Neutral Zone and movies like that the economy of the Federation is quite… …
79line of credit — A type of credit facility. The specific meaning of the term varies from bank to bank. Since the various uses often cause confusion, two definitions are presented here. In this book, the second definition is used. (1) A type of loan that permits a …
80open-end credit — Types of credit extensions that permit borrowers to add to the amount borrowed, usually in irregular amounts, at various times subsequent to the granting of the credit. Examples include credit card loans, personal lines of credit, and home equity …
