DIRECT PAY LETTER OF CREDIT
A LETTER OF CREDIT facility where a BANK automatically pays the BENEFICIARY an agreed amount and then seeks repayment from the underlying customer that has drawn the letter of credit; the beneficiary
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A LETTER OF CREDIT facility where a BANK automatically pays the BENEFICIARY an agreed amount and then seeks repayment from the underlying customer that has drawn the letter of credit; the beneficiary
A financial restructuring transaction, such as a DUAL CLASS RECAPITALIZATION, that removes voting rights from certain COMMON STOCK investors. DISINTERMEDIATION The process of removing financial institutions, including BANKS, INVESTMENT BANKS, and SECURITIES
A COMPLEX OPTION that extinguishes a standard EUROPEAN OPTION if the price of the UNDERLYING market reference declines through a predefined BARRIER. If the barrier is not breached the European option remains
An illegal TRADING scheme where a group of manipulators trade a company
A diagram that shows how data is transferred or processed. It shows interactions and the output.
A bill that is payable on a date without need for the payer to accept it.
The top 100 stocks price index on the Frankfurt stock exchange.
The date after a date by a set period. A bank must honor the draft against the letter of credit.
How much a structure weighs. Refer to live load.
An ELECTRONIC COMMUNICATIONS NETWORK where clients face a sponsor, rather than other clients, as pricemaker and COUNTERPARTY. Dealer market ECNs can be regarded as an electronic mechanism of dealing with a single
Selling invoices to a third party. They must process the invoices and get loans based on payments of the invoices.
When an ad loses its effectiveness over time.
The way of setting up productin yields from oil or gas wells. It changes because of pressure, depletion, or maintenance time. An exponential hyperbolic or harmonic Arps equation is used.
Anything made for a purpose or used to do a specific function.
The time a company can do business and not use other income sources.
An equation used to compute contributions in a benefit plan.
The amount multiplied by mean time between failures of a part to get the operational MTBF.
Energy that is 10 therms, 1 gigajoule, or 1,000,000 Btu. It is also spelled decatherm.
Taking stock from the exchange causing rule violations and inability to meet requirements of purchases when they are due.
When a company does paper only transactions and finds the best computer way to handle it. It is common for new businesses that are more profitable than expected. It switches to automated