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
CAPITAL resources that a company allocates internally to conduct its operations and support its RISKS (including FINANCIAL RISK and OPERATING RISK). Economic capital, which is a key measure of SOLVENCY, serves to
A theory stating that financial markets reflect all publicly available information, suggesting that all investors have an equal opportunity to earn a given minimum return, and that it is not possible to
Producer response to price change for their goods or services. Typically, a prices increase means an increase in supply.
Condition where electronic equipment and systems to operate without causing or suffering unacceptable degradation in output or performance when in close proximity to electro-mechanical devices, .
Recording, classifying, manipulating, and summarizing data, using computers. Known also as Automatic data processing, data processing, or information processing.
Involves written information handled through digital media (diskettes, CDROMs, DVDs, portable document files (PDF)), or online over the internet or other networks. Encompasses the entire process of bringing information from concept to
A large institutional client, such as a PENSION FUND, MUTUAL FUND, HEDGE FUND, CORPORATION, or sovereign entity, that financial institutions court in order to generate NEW ISSUE, CORPORATE FINANCE, or investment advisory
Shortterm financial instruments (such as GOVERNMENT BILLS, CERTIFICATES OF DEPOSIT, BANKER
A method that calculates asset value when added to future revenue of the policy. It is used to assess the value of a life insurance policy. A point-in-time calculation.
Symbols and symbolization electronically keyed by keyboard or keypad. Initially begun as digital facial expressions on digital devices. Primarily used to express an emotion. Example: 🙁 denotes sad; 😎 happy; People emphasize
An IRS-generated, unique identifier (ID) used to identify an entity that potentially owes taxes. Businesses, partnerships, or other entities are required by law to have such an ID.
That which allows an action or behavior to occur. Often it contributes to the success of an entity, program, or project. It can be capabilities, forces, or resources. It can also be
1. Resulting object from a process. Finished good. Deliverable. 2. Contractual delivery of the item produced. Can be articles, materials, or supplies..
Known also as endowment insurance with profits.
A measured value. Total energy used for cooling or heating a building or facility over a specific period. Displayed or stated as British thermal unit (Btu) per gross square footage cooled or
Process of linking various enterprise system together in support of the corporate world-wide business. Also involves maintenance and time upgrade or replacement of legacy (in-place) systems and hardware with new software and
Land offering tax incentives, freedom from some regulatory control, and other advantageous terms. Usually set aside as sites for factories, transportation companies, and other types of business. Typically situated in a depressed