Related Entries of the International Encyclopedia:

1. Operative Instrument A letter of Credit (read this and related legal terms for further details) transmitted by cable rather than on bank stationery. Customarily a bank may send a telex notification to the beneficiary of the letter of credit ......
2. 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....
3. 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......
4. Green Clause A provision in a letter OF CREDIT (read this and related legal terms for further details) similar to a RED CLAUSE (read this and related legal t......
5. 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; [...]...
6. 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....
7. 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, [...]...
8. 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 [...]...
9. Red Clause A special provision that may appear in a Letter Of Credit (read this and related legal terms for further details) that permits the beneficiary to draw advances before presentation of the documents stipulated in the credi......
10. 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 [...]...
11. List of sample letters Contents List of sample letters Free letter sample & letter examples. Here, you may find all types of legal or ... Read more...
12. 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 [...]...
13. Superimposed Clause A notation on the face of a Bill Of lading (read this and related legal terms for further details) that indicates a defect in the cargo or its mode of transport. Such notations include "received in damaged condition......
14. 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 [...]...
15. 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 [...]...
16. 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 [...]...
17. 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 [...]...
18. Lloyd's Register A publication containing details of the characteristics and construction of various oceangoing vessels. The publication is not produced by Lloyd's Of London (read this and related legal terms for further details), wh......
19. Offshore Finance Company Synonymous with Foreign Base Finance Company (read this and related legal terms for further details).......
20. Consignment Summary of Consignment Goods in transit under a bill of lading (read this and related legal terms for further details)(Main Author: William J. Miller) Consignment in International Trade Meaning of Consignment, according to the Dictionary of International Trade (Global [...]...
21. Berth A stipulation in a vessel charter party (read this and related legal terms for further details) that laytime ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms ......
22. Negotiation Summary of Negotiation The act whereby title to, and rights in, a negotiable instrument are transferred from one party to another. Instruments payable to "bearer"or endorsed in blank are negotiated by mere delivery; instruments payable "to order"of a specific party are [...]...
23. 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 [...]...
24. 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 [...]...
25. 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....
26. Consignor The person or firm shown as shipper on the BILL OF LADING (read this and related legal terms for further details).......
27. Special Cargo Policy A marine cargo policy issued to cover a specific shipment. A special policy may be issued when the shipper infrequently transports goods by water, or when the merchandise is so unusual or so valuable as to warrant a special policy. Frequent shippers customarily obtain an Open Policy (...
28. Collective Reserve Unit An artificial currency unit proposed in 1965 by Valéry Giscard d'Estaing of France. The cru, as it was known, was to have been linked to gold to create international reserves. The GROUP OF ten (read this and relat......
29. Collection Letter Collection Letter in International Trade Meaning of Collection Letter, according to the Dictionary of International Trade (Global Negotiator): A letter or form that conveys the drawer's instructions to the presenting bank. While there are many variations, collection letters identify the [...]...
30. 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 [...]...
31. 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 [...]...
32. 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, [...]...
33. Gross Terms Synonymous with Gross Charter (read this and related legal terms for further details).......
34. Assignment Analyze the Assignment in Legal Research Assignment There is more information about this subjet related to the field of legal research in the legal encyclopedia. Constraints There is more information about this subjet related to the field of legal research in the legal encyclopedia. [...]...
35. Letter Of Comfort A statement, usually in letter form, issued by a bank or other commercial entity attesting to the stature, credit worthiness, or reputation of another. The writer of the letter will, however, expressly disclaim any responsibility for the obligations of the subject party. Letters of comfort are comm......
36. Safeguard Measures Actions taken by a nation to protect its domestic industry and commerce from what it views as unfair or improper practices by a trading partner. For example, a trading partner's use of improper subsidies designed to artificially stimulate exports might result in such safeguard measures as the im......
37. Unilinear Tariff Synonymous with general TARIFF (read this and related legal terms for further details). Union D'Assureurs Des Credits Inter- Nationaux. The full, formal name of the Berne Union (...
38. Berth No Berth A stipulation that may be included in a vessel charter party (read this and related legal terms for further details) providing that if the point of loading or discharge is a berth, and if the berth is not immediately ava......
39. Mart And Countermart letters patent (read this and related legal terms for further details) issued by governmental authority to vessel owners authorizing them to wage war upon national enemies and to derive profit from vessels or goods acqui......
40. Offer Summary of Offer In vessel charter transactions, synonymous with Firm Offer (read this and related legal terms for further details).(Main Author: William J. Miller) Best and Final Offer (BFO) in International Trade Meaning of Best and Final Offer (bfo), according to the [...]...
41. 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....
42. Visby Amendment A proposed revision to the Hague Agreement (read this and related legal terms for further details) of 1924 on the liability of ocean carriers for loss and damage to cargo. The Visby Amendment does not contemplate materia......
43. Fire Insurance Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
44. Pivot Charge The minimum charge imposed by an air carrier for the use of a Unit Load Device (read this and related legal terms for further details), or air container. The charge is based upon a Pivot Weight (...
45. Liquidity Summary of Liquidity The quality of being convertible into monetary wealth; as relates to a given nation's economic condition, liquidity consists of that country's supply of gold, foreign exchange holdings, and Special drawing Rights (read this and related legal terms for further [...]...
46. 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....
47. 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....
48. Export-Import Bank Of The United States Commonly known as Eximbank, an independent, self-funding agency of the U.S. government created to facilitate exports of American products. Originally chartered under the laws of the District of Columbia in 1934, Eximbank was rechartered by an act of Congress in 1945. The bank provides short-, medium......
49. 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 [...]...
50. 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....
51. Tramp A vessel that offers nonscheduled service between such ports as afford cargoes of opportunity. Unlike a Liner (read this and related legal terms for further details), a tramp seeks to acquire a full load from one shipper......
52. Consignee The person or firm to whom goods are shipped under a bill of lading (read this and related legal terms for further details) and so named in the bill.......
53. Free of Capture and Seizure A clause in an ocean marine policy that deletes from the list of covered perils the WAR RISKS (read this and related legal terms for further details) of capture and seizure, and losses attributable thereto. All such war-......
54. International Reserves Gold, hard currencies, and special drawing rights (read this and related legal terms for further details) issued by the international monetary fund (...
55. Gold Tranche Position A drawing of foreign exchange from the international monetary FUND (read this and related legal terms for further details), by a member nation up to or equal with that country's gold on deposit with the IMF. In effec......
56. Super Gold Tranche A condition in which drawings by a member of the international Monetary Fund (read this and related legal terms for further details) cause fund holdings of the member's currency to fall below 75 percent of the member......
57. Credit Currency Synonymous with Fiduciary Currency (read this and related legal terms for further details).......
58. Credit Method For more details on Double Taxation, click here.......
59. 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.......
60. Clean Letter of Credit Synonymous with CLEAN CREDIT.......
61. 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 [...]...
62. 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.......
63. 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......
64. 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 [...]...
65. 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 [...]...
66. 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 [...]...
67. 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....
68. 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....
69. 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....
70. 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....
71. Credit Bureau Resources See Also Credit rating Credit report...
72. Credit Insurance Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance Resources See Also Insurance (Credit insurance)...
73. Credit Line Resources See Also Line (Line of credit)...
74. Credit Cooperative Resources See Also Credit Union Cooperative Collective...
75. Credit Union Resources See Also Credit Union Cooperative Collective...
76. Credit Control Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
77. Credit Guarantee Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
78. Credit System Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
79. 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.......
80. Deferred Payment Credit Any letter of CREDIT (read this and related legal terms for further details) that provides for payment to the beneficiary at any point in time later than sight.......
81. Delayed Payment Credit A letter of CREDIT (read this and related legal terms for further details) under which the beneficiary submits his draft after having supplied shipping papers or other documents. This form of letter of credit usually pro......
82. Irrevocable Letter of Credit See Letter of Credit.......
83. Transferable Letter of Credit A Letter Of Credit (read this and related legal terms for further details) that is transferable from the original beneficiary to a subsequent beneficiary. This type of credit is used when the original beneficiary is a br......
84. Unconfirmed Letter of Credit See Letter of Credit.......
85. Credit Card Fraud Credit Card Fraud......
86. 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 ...
87. 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....
88. Acceptance Credit Acceptance Financing is considered here.......
89. Bill Of Credit A document requesting or directing the addressee to extend credit to a party stipulated in the letter. The person issuing the letter serves as a guarantor for any credit so extended.......
90. Clean Credit A letter of credit (read this and related legal terms for further details) against which the beneficiary may draw without supplying documents.......
91. Full Tax Credit For more details on Double Taxation, click here.......
92. Sight Credit A letter of credit (read this and related legal terms for further details) under which sight drafts shall be drawn.......
93. Tax Credit Methods For more details on Double Taxation, click here.......
94. 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.......
95. 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....
96. Credit Disclosure Resources See Also Annual percentage rate Consumer Credit Protection Act Truth-in-Lending Act...
97. Credit Sale Resources See Also Installment sale...
98. Credit Policy Resources See Also Economic Development Social development...
99. Back-To-Back Letter Of Credit A letter of credit raised to purchase goods that will be sold under a different letter of credit. A broker or other intermediary who is the beneficiary under a customer's letter of credit may use that credit as collateral to open a second letter of credit to actually purchase the goods it plans ......
100. Shipper's Credit Agreement An arrangement by which certain conferences grant terms usually fourteen to thirty days, for freight services performed by member carriers. Customarily the shipper provides the CONFERENCE (read this legal term for further details) with bank and cr......
101. 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 [...]...
102. 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....
103. 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....
104. 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....
105. 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...
106. Circular Letter of Credit Resources See Also Letter of credit...
107. Commercial Letter of Credit Resources See Also Letter of credit...
108. 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)....
109. Credit Risk Contents Credit Risk Credit Risk and Collateralization Credit risk is the danger that a firm will not receive an amount ... Read more...
110. Credit Support Contents Credit Support Credit Support Deed and English and New York Credit Support Annexes Collateral is commonly provided in respect ... Read more...
111. 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 [...]...
112. 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....
113. 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....
114. 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....
115. Advice of Credit Description of Advice of Credit Resources See Also Advice Banks Banking...
116. General Credit Resources See Also General reputation...
117. Agricultural Credit Resources See Also Farming Farm Bill Agricultural Law Agriculture Reform Agriculture...
118. Access to Credit Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
119. Industrial Credit Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...
120. Informal Credit Resources See Also Finance Consumer Credit Negotiable Instrument Securities Financial Regulation Corporate Finance...