credit contract
51letter of credit — letter of credit: a document issued to a beneficiary at the request of the issuer s customer in which the issuer (as a bank) promises to honor a demand for payment by the beneficiary in order to satisfy or secure the customer s debt compare… …
52Employment contract in English law — An employment contract in English law is a specific kind of contract whereby one person performs work under the direction of another. The two main features of a contract is that work is exchanged for a wage, and that one party stands in a… …
53Malik and Mahmud v Bank of Credit and Commerce International SA — Malik v BCCI SA Court House of Lords Citation(s) [1998] AC 20 Case opinions Lord Steyn Keywords Implied terms, mutual trust and confidence Malik and Mahmud v Bank of Cre …
54University of New Orleans Federal Credit Union — Infobox Company company name = UNO Federal Credit Union company company type = Credit Union foundation = 1972 location = New Orleans, LA homepage = http://www.unofcu.org/The UNO Federal Credit Union, or UNOFCU, was chartered in 1972 by the… …
55Standby 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… …
56consumer credit — n: credit extended by merchants or banks to finance the purchase of consumer goods (as home appliances) or services (as travel or hotel accommodations) compare consumer debt at debt Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
57standby letter of credit — see letter of credit Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. standby letter of credit …
58Debt Cancellation Contract — A contract in which a bank agrees to cancel all or part of a customer s obligation to repay a loan due to an event such as death, disability or involuntary loss of employment. A debt cancellation contract is an alternative to a life insurance… …
59standby letters of credit — Also known as a standby credit, a financial letters of credit or an SLC. Similar to an on demand bond, it enables one party to a contract to obtain payment from the issuer of the standby credit when the other contracting party has failed, or is… …
60Social Credit — is a socio economic philosophy wherein consumers, fully provided with adequate purchasing power, establish the policy of production through exercise of their monetary vote.cite book |title=Credit Power and Democracy |last=Douglas |first=C.H.… …
