BANK TO BANK LETTER OF CREDIT (L/C)
When one bank issues another bank a letter of credit as collateral on a loan to a third party.
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When one bank issues another bank a letter of credit as collateral on a loan to a third party.
A tool that measures atmospheric pressure with mercury. The two types are mercury and aneroid barometers.
Something bought for what it is used to make.
A scale for wind speed. It starts at 0 and ends at 12. Waves are observed to detect speed. Its named after Sir Francis Beaufort.
Cargo placed under the main deck of an aircraft or ship. Refer to deck cargo.
The period money or benefits are paid to the insured or their dependents.
1. a place where passengers sleep on a ship or train. 2. where a boat is moored when loading and discharging passengers or cargo.
1.stating that a certian result won’t necessarily occur. Good faith promises that it will get as close as is humanly possible. 2. A high standard that if it isn’t met is excusable.
A charge on freight that covers costs fo getting the cargo from the port to the destination.
The three main US auto manufacturers. They are General Motors, Ford, and Chrysler.
A document a carrier or agent gives a shipper to carry the goods. It can be a receipt for cargo that is to be taken to a destination.
A hybrid of the BARRIER OPTION and BINARY OPTION that grants the buyer a payoff equal to a fixed cash or ASSET amount if the price of the UNDERLYING market reference breaches
An investor who searches but does not buy a property.
The day September 16, 1992. This day Sterling lost 15% value after it withdrew from the European Union.
When an imperfection that is noticable but doesn’t impair use. Refer to defect, imperfection, and nonconformity.
The policies one insurance company writes with the same terms and forms.
The rapid sale of a new issue of securities, leaving the UNDERWRITERS with no residual RISK position after BREAKING SYNDICATE.
The standard size of the font in the body. The top of the tallest letter and the bottom of the lowest letter is used for the measurement. It is expressed in points.
A test for analysis that decides if results of analysis are worthwhile.
(1) The original purchase price of an ASSET. (2) The current accounting value of an asset, typically computed as MARKET VALUE or original purchase price less accumulated DEPRECIATION.