Category: Finance Law
-
Adventure
Summary of Adventure In marine insurance, any maritime enterprise. The term is most commonly used to denote the risks undertaken by a vessel and her cargo in the course of transiting the seas.(Main Author: William J. Miller) Description of Adventure Resources See Also Joint […]
-
Constructive Total Loss
Summary of Constructive Total Loss In marine insurance, a loss where cost of repair or recovery would exceed the value of the property were it to be saved or repaired. In British usage, an insured cannot claim a constructive total loss unless the costs of rehabilitation exceed 100 percent […]
-
European Currency Unit
Summary of European Currency Unit The European Monetary System is considered here.(Main Author: William J. Miller) European Currency Unit and the European Union Resources See Also ECU
-
European Currency Unit
Summary of European Currency Unit The European Monetary System is considered here.(Main Author: William J. Miller) European Currency Unit and the European Union Resources See Also ECU
-
Correspondent Bank
Summary of Correspondent Bank A bank that acts as the representative of another bank in a given transaction. As a rule, correspondents have sums on deposit with each other for the purpose of settling the transactions of the other bank.(Main Author: William J. Miller) […]
-
Correspondent Bank
Summary of Correspondent Bank A bank that acts as the representative of another bank in a given transaction. As a rule, correspondents have sums on deposit with each other for the purpose of settling the transactions of the other bank.(Main Author: William J. Miller) […]
-
Advice
Hello Summary of Advice Also known as advice of fate, a document issued by a commercial bank to acknowledge receipt of funds or instruments from a third party or to confirm performance of previous instructions. For example, a bank would send an advice to a customer confirming the receipt of […]
-
Advice
Hello Summary of Advice Also known as advice of fate, a document issued by a commercial bank to acknowledge receipt of funds or instruments from a third party or to confirm performance of previous instructions. For example, a bank would send an advice to a customer confirming the receipt of […]
-
Retirement Planning
Retirement Planning Contents of Retirement Planning Contents of this subject matter include: Overview of the financial services industry Types of superannuation funds Regulatory control of superannuation funds Contributions to funds Taxation of funds Payments from superannuation funds Self […]
-
Retirement Planning
Retirement Planning Contents of Retirement Planning Contents of this subject matter include: Overview of the financial services industry Types of superannuation funds Regulatory control of superannuation funds Contributions to funds Taxation of funds Payments from superannuation funds Self […]
-
Blocked Account
Summary of Blocked Account Currency held in a bank account in an exchange control country by nonresidents. Such currency cannot be transferred out of the country in which it is held without permission from the government(Main Author: William J. Miller) Description of Blocked […]
-
Blocked Account
Summary of Blocked Account Currency held in a bank account in an exchange control country by nonresidents. Such currency cannot be transferred out of the country in which it is held without permission from the government(Main Author: William J. Miller) Description of Blocked […]
-
Balance of Trade
Balance Of Trade Summary of Balance Of Trade The sum total, in monetary terms, of a nation's merchandise (i.e., "visible") exports less the value of merchandise imports during a given time period, usually one year. Merchandise imports and exports are contrasted with trade in […]
-
Balance of Trade
Balance Of Trade Summary of Balance Of Trade The sum total, in monetary terms, of a nation's merchandise (i.e., "visible") exports less the value of merchandise imports during a given time period, usually one year. Merchandise imports and exports are contrasted with trade in […]
-
Draft
Summary of Draft A written, unconditional demand upon a named party to pay a specified sum of money at a prescribed date. The person who makes the demand for payment, i.e., the person who prepares the draft, is known as the drawer or maker of the instrument; the party of whom payment is […]