Related Entries of the International Encyclopedia:

1. Remittance Remittance in International Trade Meaning of Remittance, according to the Dictionary of International Trade (Global Negotiator): Funds forwarded from one person to another as payment for bought items or services. Resources See Also Finance Consumer Credit Negotiable Instrument Securities [...]...
2. Open Account Open Account in International Trade Meaning of Open Account, according to the Dictionary of International Trade (Global Negotiator): A payment term under which the buyer promises to pay the seller within a predetermined number of days, and the seller does not restrict the availability of [...]...
3. Consumer Lending Consumer Lending regarding Banking Law This content deals with legal and regulatory aspects of Consumer Lending covered in connexion with financial law and banking / lending Institutions....
4. Availability Definition of Availability in International Trade The following is a concept of Availability in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): In letters of credit, refers to the availability of documents in exchange for payment of the [...]...
5. Confirming Bank Confirming Bank in International Trade Meaning of Confirming Bank, according to the Dictionary of International Trade (Global Negotiator): In a letter of credit transaction, the bank that assumes responsibility to the seller (usually the exporter) for payment from the issuing bank (buyer's [...]...
6. Payment under Reserves Payment Under Reserves in International Trade Meaning of Payment Under Reserves, according to the Dictionary of International Trade (Global Negotiator): In a letter of credit payment made against a non-complaint or questionable presentation, against which the beneficiary agree to repay if [...]...
7. Back to Back Back to Back Letter of Credit in International Trade Meaning of Back to Back Letter of Credit, according to the Dictionary of International Trade (Global Negotiator): A new letter of credit opened in favour of another beneficiary on the basis of an already existing one, not a transferable [...]...
8. Discount Discount in International Trade Meaning of Discount, according to the Dictionary of International Trade (Global Negotiator): A deduction from an amount due to given consideration of such circumstances as prompt or early payment or an order of unusually large quantity. Selling a receivable or [...]...
9. Discrepancies Discrepancies in International Trade Meaning of Discrepancies, according to the Dictionary of International Trade (Global Negotiator): In the context of letters of credit, discrepancies arises when documents presented under a letter of credit do not conform to the terms of the credit; [...]...
10. Trade Finance Trade Finance in International Trade Meaning of Trade Finance, according to the Dictionary of International Trade (Global Negotiator): This is the way in which an exporter requires an importer to prepay for goods ship. The importer wants to reduce risks by asking the exporter to document that [...]...
11. Lending Institution Banking and Lending Institution Forms in relation with Consumer Lending This content deals with legal and regulatory aspects of Banking and Lending Institution Forms covered in connexion with Consumer Lending and banking / lending Institutions....
12. Negotiating Bank Negotiating Bank in International Trade Meaning of Negotiating Bank, according to the Dictionary of International Trade (Global Negotiator): In a letter of credit transaction, the bank that: receives and examines the seller's documents for adherence to the terms and conditions of the [...]...
13. Payment Terms Payment Terms in International Trade Meaning of Payment Terms, according to the Dictionary of International Trade (Global Negotiator): That part of a contract that defines when, where, to whom and in what currency the underlying obligation is to be discharged. The exporter will consider the [...]...
14. Second Advising Bank Second Advising Bank in International Trade Meaning of Second Advising Bank, according to the Dictionary of International Trade (Global Negotiator): In a letter of credit transaction, the seller usually prefers that the incoming letters of credit be advised through its bank account. However, [...]...
15. Validity Validity in International Trade Meaning of Validity, according to the Dictionary of International Trade (Global Negotiator): The time period for which a letter of credit is valid. After receiving notice of a letter of opened in his behalf, the seller/exporter/beneficiary must meet all the [...]...
16. Straight Straight B/L in International Trade Meaning of Straight B/l, according to the Dictionary of International Trade (Global Negotiator): A non-negotiable bill of lading which specifies the consignee to whom the goods are to be delivered. It is used when payment for the goods has been made in [...]...
17. Expiration Date Expiration Date in International Trade Meaning of Expiration Date, according to the Dictionary of International Trade (Global Negotiator): In a letter of credit transaction, the final date the seller (beneficiary of the credit) may present documents and draw a draft under the terms of the [...]...
18. Advising Bank Definition of Advising Bank in International Trade The following is a concept of Advising Bank in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): The bank that notifies the exporter of the opening of a letter of credit in his or her [...]...
19. Foreign Exchange Foreign Exchange in International Trade Meaning of Foreign Exchange, according to the Dictionary of International Trade (Global Negotiator): Current or liquid claims payable in foreign currency and in a foreign country (bank balances, checks, bills of exchange). Not to be confused with foreign [...]...
20. Beneficiary Summary of Beneficiary The party named in a letter of credit as authorized to draw bills of exchange for acceptance by the issuing bank.(Main Author: William J. Miller) Spanish Translation of beneficiary This is the legal translation of English to Spanish in relation to [...]...
21. Drawing Drawing in E.U. Patent SystemOne or more specially-prepared figures filed as a part of a patent application to explain and describe the invention. Drawings (or illustrations, where appropriate) are more commonly found with inventions for mechanical or electrical devices. As a rule, chemical [...]...
22. Clause Repugnancy Clause in Constitutional Law From the Comparative Constitutions Project: The repugnancy clause is an explicit declaration in a constitution that any law contrary to a certain religion's beliefs is void. This is mostly in Islamic constitutions. Red Clause L/C in International [...]...
23. Letter of Indemnity A document issued by a shipper of merchandise to a steamship line as an inducement for the carrier to issue a clean bill of Lading (read this and related legal terms for further details) where it might not otherwise do s......
24. Issuance Issuance in International Trade Meaning of Issuance, according to the Dictionary of International Trade (Global Negotiator): The establishment of a letter of credit by the issuing bank (buyer's bank) based on the buyer's application and credit relationship with the bank. See letter of [...]...
25. Cover Note Cover Note in International Trade Meaning of Cover Note, according to the Dictionary of International Trade (Global Negotiator): Document issued by insurance company or insurance brokers instead of insurance policies or insurance certificates, which serves as proof of usual insurance [...]...
26. Unfair Calling Insurance Unfair Calling Insurance in International Trade Meaning of Unfair Calling Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance coverage to protect principals who have issued demand guarantees or bonds against an unfair or abusive call of the [...]...
27. Consideration of Applications Consideration of Applications in relation with Consumer Lending This content deals with legal and regulatory aspects of Consideration of Applications covered in connexion with Consumer Lending and banking / lending Institutions....
28. Pre-advice Pre-advice in International Trade Meaning of Pre-advice, according to the Dictionary of International Trade (Global Negotiator): In letters of credit, at the request of an applicant, the issuing bank may give a pre-advice of issuance and/or amendment of the letter of credit. A pre-advice is [...]...
29. Fire Insurance Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
30. Special Marine Policy Special Marine Policy in International Trade Meaning of Special Marine Policy, according to the Dictionary of International Trade (Global Negotiator): An insurance policy which is issued to cover a single shipment. The special marine policy form calls for the name of the vessel and sailing [...]...
31. Payment in Advance Payment in Advance in International Trade Meaning of Payment in Advance, according to the Dictionary of International Trade (Global Negotiator): A payment term whereby the buyer remits the amount of money at the time the order is placed. Under this term the buyer is actually extending credit [...]...
32. Freight Prepayable Freight Prepayable in International Trade Meaning of Freight Prepayable, according to the Dictionary of International Trade (Global Negotiator): Terminology designed by carriers to provide transportation documentation indicating the freight charges are for the account of the shipper, while no [...]...
33. Silent Confirmation Silent Confirmation in International Trade Meaning of Silent Confirmation, according to the Dictionary of International Trade (Global Negotiator): In letters of credit, in addition to the commitment of the issuing bank, the advising bank can, by silent confirmation, enter into its own, [...]...
34. Cash on Delivery Cash on Delivery (COD) in International Trade Meaning of Cash on Delivery (COD), according to the Dictionary of International Trade (Global Negotiator): A payment term under which payment for the shipped goods is to be made to the carrier at time of delivery. This practice is not recommended [...]...
35. Shipment Received For Shipment B/L in International Trade Meaning of Received For Shipment B/L, according to the Dictionary of International Trade (Global Negotiator): A bill of lading which confirms the receipt of goods by the carrier, but not their actual loading on board. This document can be [...]...
36. Issuing Bank Issuing Bank in International Trade Meaning of Issuing Bank, according to the Dictionary of International Trade (Global Negotiator): The buyer's bank which establishes a letter of credit at the request of the buyer, in favour of the beneficiary (exporter/seller). Also called buyer's [...]...
37. Trade Documents Trade Documents in International Trade Meaning of Trade Documents, according to the Dictionary of International Trade (Global Negotiator): Paper documents (or electronic files) used in international trade that prove that certain events have taken place. For convenience, the documents commonly [...]...
38. Retail Installment Retail Installment in relation with Consumer Lending This content deals with legal and regulatory aspects of Retail Installment covered in connexion with Consumer Lending and banking / lending Institutions....
39. Cash With Order Cash With Order (CWO) in International Trade Meaning of Cash With Order (CWO), according to the Dictionary of International Trade (Global Negotiator): A payment term whereby the buyer remits the money at the time the order is placed. Under this term, the buyer is actually extending credit to [...]...
40. Clean Collection Clean Collection in International Trade Meaning of Clean Collection, according to the Dictionary of International Trade (Global Negotiator): A letter of instructions to a presenting bank accompanied by a draft and often invoices, but not accompanied by any document restricting possession or [...]...
41. Contingency Insurance Contingency Insurance in International Trade Meaning of Contingency Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance coverage taken out by a party to an international transaction to insure against insurance coverage taken by the counterparty. The [...]...
42. Facilitation Payment Facilitation Payment in International Trade Meaning of Facilitation Payment, according to the Dictionary of International Trade (Global Negotiator): A payment or consideration given to a government official or employee in order to get them to do what they should have done anyway. Unlike a [...]...
43. Promissory Note Introduction to Promissory Note Promissory Note, in the law of negotiable instruments, written instrument containing an unconditional promise by a party, called the maker, who signs the instrument, to pay to another, called the payee, a definite sum of money either on demand or at a specified [...]...
44. Letter of Correction Letter of Correction in International Trade Meaning of Letter of Correction, according to the Dictionary of International Trade (Global Negotiator): A letter addressed to a consulate containing such data as needed to resolve any necessary corrections in consular documentation....
45. Commercial Lending Commercial Lending regarding Banking Law This content deals with legal and regulatory aspects of Commercial Lending covered in connexion with financial law and banking / lending Institutions....
46. Lending Credit Unions Generally in relation with Credit Unions This content deals with legal and regulatory aspects of Credit Unions Generally covered in connexion with Credit Unions and banking / lending Institutions....
47. Loan Review Loan Servicing and Review in relation with Consumer Lending This content deals with legal and regulatory aspects of Loan Servicing and Review covered in connexion with Consumer Lending and banking / lending Institutions....
48. Commercial Risk The risk borne by an exporter that his foreign customer may be unable to pay for merchandise imported under open account terms. Commercial risk is contrasted with political risks, which arise from governmental actions and are unrelated to the financial condition or credit-wor- thiness of the [...]...
49. Convertibility Summary of Convertibility The ability of a currency to be exchanged for other currencies in settlement of current account transactions. Currencies are convertible in varying degrees, although the ability of nonresidents freely to purchase and sell a given currency, without governmental [...]...
50. Insurance Broker Insurance Broker in International Trade Meaning of Insurance Broker, according to the Dictionary of International Trade (Global Negotiator): An individual or firm who represents buyers of insurance and deals with insurance companies or their agents in arranging for insurance coverage for the [...]...
51. Capital Account Entries in a nation's balance of payment accounts reflecting long- or shortterm loans made to other countries, or by other countries to the recording nation. See Balance of Payments.......
52. Advance Payment Spanish Translation of insurance policy settlement options [advance payment]This is the legal translation of English to Spanish in relation to insurance policy settlement options [advance payment] and / or a definition of this topic: Derecho de Anticipo (in Spanish, without translation [...]...
53. Cargo Insurance Cargo Insurance in International Trade Meaning of Cargo Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance placed on goods during transportation....
54. Credit Enhancements Literature Review on Credit Enhancements In the Encyclopedia of Public Administration and Public Policy, [1] Martin J. Luby and Tima T. Moldogaziev provide the following summary about the topic of Credit Enhancements: State and local governments often seek third-party credit enhancement as [...]...
55. Credit Insurance Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance Resources See Also Insurance (Credit insurance)...
56. Credit Control Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
57. Credit System Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
58. Contract Guarantee Contract Guarantee in International Trade Meaning of Contract Guarantee, according to the Dictionary of International Trade (Global Negotiator): An agreement by a third party to be responsible for the performance of a contracting party. There are three major types of contract guarantee: tender [...]...
59. Loan Guarantee Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
60. Cyprus Treaty of Guarantee Contents Cyprus Treaty of Guarantee NO. 5475. TREATY OF GUARANTEE. SIGNED AT NICOSIA ON 16 AUGUST 1960 The Republic of ... Read more...
61. Credit Currency Synonymous with Fiduciary Currency (read this and related legal terms for further details).......
62. Credit D´impot A tax credit permitted in Belgium to recipients of certain dividend income in recognition that the corporation paying the dividend has been previously taxed upon the income.......
63. Credit Method For more details on Double Taxation, click here.......
64. Credit Tranche A lending facility at the International Monetary Fund for nations suffering balance of payments difficulties. Before borrowing in the credit tranche, a nation must have exhausted its gold tranche facility. The gold tranche is equivalent to the amount of gold that a nation has deposited with the IMF,......
65. Guarantee The Legal History of GuaranteeThis section provides an overview of Guarantee ResourcesSee AlsoLegal Biography Legal Traditions Historical Laws History of Law Further Reading Guarantee in the Oxford International Encyclopedia of Legal History (Oxford University Press) The Oxford Encyclopedia of [...]...
66. Credit Spanish Translation of credit This is the legal translation of English to Spanish in relation to credit and / or a definition of this topic: Haber (in Spanish, without translation of the dictionary entry). Spanish Translation of credit This is the legal translation of English to Spanish in [...]...
67. Credit Guarantees Group on Export Credits and Credit Guarantees in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Group on Export Credits and Credit Guarantees: A subgroup of the OECD Trade .Committee,comprising all OECD [...]...
68. Credit Applications Credit Applications in relation with Consumer Lending This content deals with legal and regulatory aspects of Credit Applications covered in connexion with Consumer Lending and banking / lending Institutions....
69. Credit Documents Loan or Credit Documents in relation with Consumer Lending This content deals with legal and regulatory aspects of Loan or Credit Documents covered in connexion with Consumer Lending and banking / lending Institutions....
70. Credit Unions Credit Unions regarding Banking Law This content deals with legal and regulatory aspects of Credit Unions covered in connexion with financial law and banking / lending Institutions....
71. Credit Transactions Third-party Legal Opinions in Credit Transactions in relation with Legal Opinions This content deals with legal and regulatory aspects of Third-party Legal Opinions in Credit Transactions covered in connexion with Legal Opinions and banking / lending Institutions....
72. Credit Disclosure Resources See Also Annual percentage rate Consumer Credit Protection Act Truth-in-Lending Act...
73. Credit Bureau Resources See Also Credit rating Credit report...
74. Credit Line Resources See Also Line (Line of credit)...
75. Credit Cooperative Resources See Also Credit Union Cooperative Collective...
76. Credit Union Resources See Also Credit Union Cooperative Collective...
77. Credit Policy Resources See Also Economic Development Social development...
78. Deficiency Guarantee A common provision in lending agreements collateralized by tangible assets which provides that if the lender, as the result of default on the loan obligation by the borrower, is obliged to sell the collateral and the proceeds of the sale are not adequate to satisfy the balance due on the loan, the b......
79. Credit Card Fraud Credit Card Fraud......
80. Bank Guarantee Bank Guarantee in International Trade Meaning of Bank Guarantee, according to the Dictionary of International Trade (Global Negotiator): A contract between a bank (as guarantor) and a beneficiary, in which a bank commits itself to pay a certain amount of money under certain specified [...]...
81. Credit Card Agreements Credit Card Agreements and the Electronic Commerce Credit Card Agreements in the Online Business Law Resources See Also PPC Advertising Social Networking Online Business Law Internet Law Spam Startups Internet Tax Crossborder Commerce Technology Law Terms of Use ...
82. Credit Risk Insurance Credit Risk Insurance in International Trade Meaning of Credit Risk Insurance, according to the Dictionary of International Trade (Global Negotiator): Insurance designed to cover risks of nonpayment for delivered goods....
83. Credit Card Arrangements Credit Card Arrangements in relation with Consumer Lending This content deals with legal and regulatory aspects of Credit Card Arrangements covered in connexion with Consumer Lending and banking / lending Institutions....
84. Credit Card Programs Serving of Credit Card Programs in relation with Consumer Lending This content deals with legal and regulatory aspects of Serving of Credit Card Programs covered in connexion with Consumer Lending and banking / lending Institutions....
85. Employment Guarantee Resources See Also Labor Employment Law International Labor Law Industrial Safety Labour Labor Right Labor Policy Employment...
86. Multilateral Investment Guarantee Agency Multilateral Investment Guarantee Agency in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Multilateral Investment Guarantee Agency: An independent agency of the World Bank group established in 1988 to [...]...
87. Advance Payment Guarantee Definition of Advance Payment Guarantee in International Trade The following is a concept of Advance Payment Guarantee in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): A guarantee that advance payments will be returned if the party [...]...
88. European Agricultural Guidance And Guarantee Fund Common Agricultrural Policy is considered here.......
89. Clean Credit A letter of credit (read this and related legal terms for further details) against which the beneficiary may draw without supplying documents.......
90. Consumer Credit What is Consumer Credit in relation with Consumer Lending This content deals with legal and regulatory aspects of What is Consumer Credit covered in connexion with Consumer Lending and banking / lending Institutions....
91. Credit Sale Resources See Also Installment sale...
92. Access to Credit Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
93. Industrial Credit Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
94. Informal Credit Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
95. Instalment Credit Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
96. Clean Letter of Credit Synonymous with CLEAN CREDIT.......
97. Commodity Credit Corporation A Federally chartered corporation controlled by the U.S. government and administered as a part of the Department of Agriculture. In addition to various domestic agricultural stabilization efforts, the CCC administers three foreign sales promotion programs.......
98. Confirmed Letter of Credit Confirmed Letter of Credit in International Trade Meaning of Confirmed Letter of Credit, according to the Dictionary of International Trade (Global Negotiator): A letter of credit that contains a guarantee on the part of both the issuing and de advising banks of payment to the seller so long [...]...
99. Demand Guarantee Demand Guarantee in International Trade Meaning of Demand Guarantee, according to the Dictionary of International Trade (Global Negotiator): A guarantee issued by a bank, under which the beneficiary is only required to make a demand in order to receive payment. In contrast to the conditional [...]...
100. Commercial Letters of Credit Commercial Letters of Credit in relation with Letters of Credit This content deals with legal and regulatory aspects of Commercial Letters of Credit covered in connexion with Letters of Credit and banking / lending Institutions....
101. Consumer Credit Protection Act Resources See Also Annual percentage rate Equal Credit Opportunity Act Fair Credit Billing Act Fair Credit Reporting Acts Fair Debt Collection Practices Act Truth-in-Lending Act Uniform Consumer Credit Code...
102. Circular Letter of Credit Resources See Also Letter of credit...
103. Commercial Letter of Credit Resources See Also Letter of credit...
104. Acceptance Credit Acceptance Financing is considered here.......
105. Full Tax Credit For more details on Double Taxation, click here.......
106. Letter of Credit A document issued by a commercial bank committing itself to honor drafts drawn in accordance with the terms of the credit. The party to whom the credit is issued is the beneficiary; the party on behalf of whom the bank issues the credit is the applicant. Letters of credit may be issued as [...]...
107. Sight Credit A letter of credit (read this and related legal terms for further details) under which sight drafts shall be drawn.......
108. Sterling Credit A letter of credit (read this and related legal terms for further details) against which bills of exchange are to be drawn in pounds sterling.......
109. Tax Credit Methods For more details on Double Taxation, click here.......
110. Trade Credit Credit granted by nonfinancial firms, usually in the form of short-term deferral of payment of invoices by customers, e.g., account open sales. Also, trade credit represents the purchase of a firm's accounts receivable or trade acceptances.......
111. Usance Credit Also known as a time credit, a Letter of Credit (q. v.) that provides that the drafts drawn under the credit will mature thirty, sixty, or more days, up to nine months, after sight or date. A letter of credit providing for settlement more than nine months from shipment of the goods is normally in t......
112. Acknowledgment of Credit Spanish Translation of acknowledgment of creditThis is the legal translation of English to Spanish in relation to acknowledgment of credit and / or a definition of this topic: Reconocimiento de Créditos (in Spanish, without translation of the dictionary entry)....
113. Credit Risk Contents Credit Risk Credit Risk and Collateralization Credit risk is the danger that a firm will not receive an amount ... Read more...
114. Credit Support Contents Credit Support Credit Support Deed and English and New York Credit Support Annexes Collateral is commonly provided in respect ... Read more...
115. Extensions of Credit In the United States For information about Extensions of credit in the context of international trade, click here...
116. Documentary Credit Documentary Credit in International Trade Meaning of Documentary Credit, according to the Dictionary of International Trade (Global Negotiator): Documentary credit means the same thing than "letter of credit". Traders and bankers in some parts of the world (US, Asia) tend to use the [...]...
117. Merchant's Credit Merchant's Credit in International Trade Meaning of Merchant's Credit, according to the Dictionary of International Trade (Global Negotiator): A letter of credit issued by the buyer himself. Contains no commitment whatever on the part of a bank. See letter of credit....
118. Rollover Credit Rollover Credit in International Trade Meaning of Rollover Credit, according to the Dictionary of International Trade (Global Negotiator): Any line of credit that can be borrowed against up to a stated credit limit and into which repayments go for crediting. See letter of credit....
119. Letters of Credit Letters of Credit regarding Banking Law This content deals with legal and regulatory aspects of Letters of Credit covered in connexion with financial law and banking / lending Institutions....
120. Advice of Credit Description of Advice of Credit Resources See Also Advice Banks Banking...