commercial letters of credit
1commercial letters of credit — trade related agreement that a certain amount of bank funds is available to an entity. Bloomberg Financial Dictionary …
2commercial transaction — ▪ economics Introduction in law, the core of the legal rules governing business dealings. The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of… …
3credit, letter of — ▪ finance order from a bank to a bank or other party abroad authorizing payment of money (up to a specified limit) to a person named in the letter. A letter of credit, unlike a bill of exchange (exchange, bill of) (q.v.), is not negotiable… …
4Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity …
5Credit 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 …
6Credit enhancement — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security …
7commercial paper — Unsecured, short term promissory notes issued by corporations for specific amounts and with specific maturity dates. Firms with lower ratings or firms without well known names usually back their commercial paper with guarantees or bank letters of …
8Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …
9Credit score — A credit score is a numerical expression based on a statistical analysis of a person s credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information typically sourced from credit… …
10Letters clause — Letter Let ter, n. [OE. lettre, F. lettre, OF. letre, fr. L. littera, litera, a letter; pl., an epistle, a writing, literature, fr. linere, litum, to besmear, to spread or rub over; because one of the earliest modes of writing was by graving the… …
