TRANSFERABLE LETTER OF CREDIT
Irrevocable letter of credit allowing the beneficiary to assign part or all of the credit available to another party. The primary beneficiary accepts the credit from the bank, then the issuing bank can only transfer this credit upon the primary beneficiary’s approval.
POPULAR TERMS
Fuzzy Logic
A mathematical logic that attempts to solve problems by assigning values to an imprecise spectrum of data in order to arrive at the most accurate c ...
Blanket Lien
Lien authorizing the lenders to seize all or almost all assets and collateral of a debtor in the event of default. It provides maximum protection t ...
White List States
White List States is a group of US countries that allow the addition of a specialized liability or property coverage by a nonadmitted insurer in th ...
Accumulated Other Comprehensive Income
It is usually found in the equity section of a company’s balance sheet. It measures the gain and the losses of a business that have yet to be ...
Term Sheet
Non-binding agreement outlining the basic terms and conditions of a potential venture capital investment, acting as a template to develop more deta ...
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SEE FOREX TUTORIAL
Student Loans: Repaying Debts Faster
Student loans may not be paid overnight, but we want to pay it off in a fastest way possible. Is it possible?
Before anything else, one h ...
Ethical Investing: Niche Investment Style
Over the past two years, sustainable, responsible, and impact investing (SRI) has grown significantly in the United States. Based on the US SIF Fou ...
Getting to Know The Federal Reserve
The world’s largest economy in the world is the economy of the United States and running it, keeping it in check, and making sure that it doe ...
Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
A Guide to Your Personal Income Tax: Steps to Take before April 15
Taxpayers, remember these two dates when filing your tax return: December 31 and April 15. We have previously discussed what to do before the year ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 22:50 | Gross Domestic Product | 2 quarter | |
| 03:30 | CPI | Aug | |
| 03:30 | PPI | Aug | |
| 07:00 | Economy Watchers Survey | Aug | |
| 10:30 | Sentix Investor Confidence | Sep | |
| 16:00 | Wholesale Inventories | Jul | |
| 21:00 | Consumer Credit | Jul | |
| 00:45 | Manufacturing Sales | 2 quarter | |
| 01:50 | M2 Money Supply + CD | Aug |
