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
Competitive Advantage
Advantage which allows the firm to generate higher sales or margins and/or keep more customers than its rivals. Some examples of competitive advant ...
Organizational Structure
It is a system used to describe a hierarchy in an organization. It describes each job and its function, and where it reports to in the organization ...
Buydown
Mortgage-financing method in which the buyer endeavors to lower the interest rate on a mortgage for at least its first few years. Usually, the buil ...
OSL
It was first formed in 1881, which is considered as the main stock market of Norway. It is known for stock in oil and international shipping compan ...
Origination Points
This kind of fee is charged to the borrower by the lender in order to pay off him or her for the evaluating, processing and approving mortgage loan ...
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SEE FOREX TUTORIAL
An Introduction to Student Loans
A college education is one of the most essential investment in a person’s life. Unfortunately, in this time and age, it has also become one o ...
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 ...
Student Loans: Federal Loans
Most of the students mull over the idea of maximizing the federal loan availability first before borrowing for college through a private loan. Norm ...
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 Becoming a Finance Expert
Wouldn’t it be nice not having to rely on another person when managing your funds? Aside from the added convenience it brings, being able to ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 08:30 | Producer & Import Prices | Mar | |
| 12:00 | Bundesbank Monthly Report | ||
| 14:30 | NY Fed Empire State manufacturing index | Apr | |
| 14:30 | FOMC Member Charles Evans Speaks | ||
| 16:30 | Overview of business prospects, according to the Bank of Canada | 1 quarter | |
| 16:30 | Bank of Canada Senior Loan Officer | 1 quarter | |
| 19:00 | FOMC Member Charles Evans Speaks | ||
| 22:00 | TICS | Feb | |
| 02:00 | FOMC Member Eric Rosengren Speaks |
