CLOSE-OUT NETTING
A contractual agreement where an institution and a COUNTERPARTY in DEFAULT agree to ACCELERATION, termination, and NETTING of all financial transactions. See also PAYMENT NETTING, SETOFF.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A contractual agreement where an institution and a COUNTERPARTY in DEFAULT agree to ACCELERATION, termination, and NETTING of all financial transactions. See also PAYMENT NETTING, SETOFF.
Bacteria specie of clostridium bacterial that causes tetanus or infection of wounds. Notated also as C. tetani or Clos. tetani.
Paper or paperboard covered with a thin layer of clay that enhances reproduced bright colors in printing.
Agreement to appoint worker representatives for participation in the firm’s decision- making processes on a firm’s board of directors .
Collaborative financing of the same project by two or more banks or other lending institutions.
Market indicators that are both economic and financial and tend to move in locked-step with (1). trends such as general economics and gross domestic product (GDP), or employment levels, or retail sales,
Procedure for metal forming a steel ingot, cooled to a temperature making the metal no longer pliable or plastic, to be forged or rolled into sheets or other shapes. Known also as
Legal principle. If a written main contract is challenged, the evidence of a second contract may not be ignored under the parol evidence rule, even if expressed but oral. This rule gives
Asset backed security (ABS), structured like a collateralized bond obligation (CBO). Instead of being based on its bonds, it is based on a bank’s or a governmental agency’s portfolio of mortgage loans.
Time a firm takes to collect its accounts receivables. Stated as an average number of days. It is the period between delivering an invoice and receiving the payment.
Relative density or luminance of all colors involved in a multicolored image is about the same with no one color dominating. Characteristic of a multicolor image.
The monies generated by the project financed by the bond, as well as backed by the ‘full faith and credit’ of the government agency that generated the bond are the remuneration sources
1. A letter the bank sends offering a short term loan. It is not a formal commitment. 2. When a parent firm send a letter to their children firms to support them
Coverage for employees the employer must provide. Any loss is covered no matter how many were involved in the loss.
When a company buys futures contracts to get the best price in the future.
A company with an asset that is made to create profit. Income left over is given to employees and shareholders. It can also be reinvested.
How the Commodity Futures Trading Commission describes traders using the futures makret to hedge their activities.
A person that can administer oaths and take affidavits. They may only do this for other clients not their own. Refer to notary public.
The rate that a commodity is shipped at per container.
A rule in insurance where the payable amount is limited to a maximum numbe of people with injuries.
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