Search results for keyword: recourse
performance bond
Performance Guarantees:
A performance guarantee is a promise or arrangement that a certain standard of performance, especially financial, will be met. In the most general terms, performance guarantees provide recourse for when a contracted agreement is not met and is a way to protect against fra......
07/07/2023 
1033 
Sophia
Discounted bills
Bill Discounting
Bill discounting is a short term financing method that involves a business providing a third party selected by the customer a financial instrument, such as invoice or check, in exchange for a cash advance. This cash advance allows the business the ability to obtain funds before t......
Introduction to letter of credit
Letter of Credit
A letter of credit (L/C) is a payment mechanism used in international trade transactions. It is a document from a bank typically used to facilitate a trade between two parties in different countries. Generally, the purchaser’s bank issues a letter of credit to the seller’s bank......
invalid economic contract
Invalid Economic Contract
An invalid economic contract can have dire consequences for either party involved. A valid economic contract is a legally binding agreement between two or more parties in which each party agrees to do something for monetary or other consideration. Often, economic contrac......
non-recourse letter of credit
A Standby Letter of Credit and a Without recourse Letter of Credit
A Letter of Credit (or L/C) is a financial instrument to assure that payment for goods and services will be received in full and on time. A typical Letter of Credit (L/C) provides that the issuing bank will make payment to a benef......
letter of credit with recourse
A standby letter of credit is a promise from a bank to pay a particular amount of money in the event that the buyer or receiver of the goods is unable to fulfill their financial commitments. It is often used as security for a loan or credit agreement, and is sometimes referred to as a “standby LC......
forward exchange rate
Forward Exchange Rate
The forward exchange rate is the rate of exchange of one currency for another at a specified future date. Forward exchange rates are used by investors and businesses around the world to hedge against exchange rate risk. Exchange rate risk is the risk that a currency’s value......
advance letter of credit
Letter of Credit
A Letter of Credit (LC) is a specialized form of banking transaction which can be described as a form of guarantee to ensure one party meets its obligation to another party. It is a widely accepted and utilized form of payment in international business. The LC provides security f......
effectiveness of debt
The Doctrine of Moral Obligation of Debt
Debts are a core component of many businesses, from small start-ups to large international corporations. The legal obligations of debts are generally well understood, but there is also a moral obligation that should not be overlooked. Often, debt obligatio......
Bond buyout repo
Introduction
This paper will analyze the bond buyback style of repurchase, which is a form of corporate financial activities that is gaining popularity. This paper will provide an overview of the bond buyback style of repurchase and its advantages and disadvantages. The bond buyback style of repu......
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