CREDIT APPLICATION
Request for a credit extension, either in oral or written form. The document must follow the extension request procedures set by the lender for it to become valid. It must also entail the information related to the cost of the credit such as annual percentage yield and other fees. In the United States, Federal Reserve’s Regulation Z governs this application process.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
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16:00 | Consumer Confidence | Apr | |
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