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
Wholesale Energy
Wholesale Energy is the purchase and sale of energy products, such as electricity, natural gas, and steam, in the wholesale market by energy produc ...
Letters Patent
A legal instrument issued by the government, which grants the entire rights to a private entity or a corporation for a new invention. The letter st ...
Inflation Trade
Investing method that aims to generate profit from an overall hike in price levels. It often entails trades in commodities including oil and gold b ...
Activity Dictionary
A list of specific activities that are used in the activity-based costing (ABC) analysis. The list is made up of description of different activitie ...
Acronym
Acronym for countries Turkey, Indonesia, Mexico, and Philippines. A group of investors and economists to classify fast-growing emerging market econ ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Buying a Home: Determining the Amount You Can Afford
You have decided to buy a house, choose the best location, and select a home suitable for you needs. It is high time to determine the amount you ca ...
An Introduction to Stocks
Imagine this: you are a company owner, you get income but you don’t go to work, you just do what you want and the money keeps coming in. This ...
A Guide to Your Personal Income Tax: Papers
Documentation is the most significant part of taxation. If you do not properly account your income and expenses, chances are you will likely miss o ...
Principles of Trading: Introduction
Trading is an active participation in the financial markets. Those who partake in buy-and-hold investing are called traders. Also called market pla ...
Digesting Financial Statements: Pension Plans
Deducing on the topic we previously discussed, this tutorial now puts the spotlight on the pension fund. It is a distinct long-term obligation for ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:30 | Tertiary Industry Index | May | |
| 02:30 | PMI Composite | May | |
| 03:00 | MI Inflation Gauge | May | |
| 03:30 | ANZ Jobs Advertisements | May | |
| 03:30 | Company Operating Profits | 1 quarter | |
| 03:45 | Markit Services PMI | May | |
| 08:00 | Trade Balance | Apr | |
| 08:30 | CPI | May | |
| 09:15 | PMI Services | May |
