"letter" in inglés with examples - Collocation dictionary inglés
- These are generally lending devices, such as standby letters of credit, that do not represent a direct claim on the bank's assets.
- Export transactions, including support for standby letters of credit; export development expenses, including trade show participation and translation of product literature.
- Direct credit substitutes in which a bank substitutes its own credit for a third party, including standby letters of credit.
- Bank guarantees and standby letters of credit are also available.
- The deal involved the purchase of a standby letter of credit - effectively an IOU issued by a bank with a fixed redemption date.
- Aware that the world of standby letters of credit is confusing, he explains that they are often used in the import and export business.
- The exporter does not expect to get paid for his goods for 12 months so he is given a credit note - a standby letter - from the importer's bank.
- Many standby letters of credit are forgeries: often the issuing bank does not even exist.
- In 1989, the Financial Institutions Reform, Recovery and Enforcement Act affirmed their right to reject any standby letters they find burdensome.
- Changing the Concept of Capital But for certain off-balance sheet obligations, like standby letters of credit, the weighting would only be 50 percent.
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