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payment guarantee
Payment Guarantee
1. Introduction
This Payment Guarantee (the Guarantee) is made and entered into as of [DATE], by and between [GUARANTOR], a company organised and existing under the laws of [COUNTRY] with its principle address at [ADDRESS], represented by its [TITLE] [NAME] (hereinafter referre......
10/07/2023 
1045 
Avery
L/C at sight
Irrevocable documentary credit is document, in which the applicants bank / issuing bank is committed to pay a certain amount on the agreed conditions. The document is a binding contract with irrevocable conditions, so it can not be changed without the agreement of all parties involved.
An irrevoc......
contract revocation
Contract rescission is a legal remedy whereby two or more parties mutually rescind a contractual agreement. Contracts are rescinded when both parties agree to cancel the agreement, thereby giving up their respective legal rights and obligations under the contract. Contract rescission reunites all......
soft loan
As the world advances in technology, so too does the economy. With the increase of modern inventions, businesses are taking advantage of more sophisticated options such as soft loans. Soft loans are short-term financial instruments, such as a loan, that offer businesses expedited access to urgent ......
living trust
PRE-NUPTIAL TRUST
In today’s world, pre-nuptial trusts are more common than ever. They can provide couples with financial security in the future, especially during unpredictable economic times. Pre-nuptial trusts are created to hold the assets of each party, so that they can maintain their own s......
revocable letter of credit
Revocable Letter of Credit
A Revocable Letter or Credit (L/C) is a company agreement between two entities that allows immediate and safe payment to be made from one entity (the buyer) to another (the seller). A revocable L/C is a flexible arrangement that permits the terms to be amended or cancell......
Unauthorized agency
Women in Media
The media has long been a powerful tool for shaping public opinion and women have taken considerable strides in exploiting its potential. From directors and producers to actors and news anchors, women have been the powerhouses of many industries, taking the helm and emerging as mul......
consumer credit control
Introduction
Consumers in today’s society have come to rely greatly on the use of credit for purchases of goods and services. In order to maintain the creditworthiness of consumers, there are various methods used to control their credit use. This essay seeks to discuss the concept of consumer cre......
restricted tradable shares
Introduction
Restricted circulation shares refer to the issuance of shares by listed companies to the general public. These shares are not subject to the same unrestricted trading rules as shares held by the general public. Rather, these shares can only be held or traded by a certain designated g......
Long-term credit
A long-term credit is a letter of credit (L/C) opened by the importer in the exporters favour and confirmed by a foreign bank. It sets out the conditions and terms of settlement of international trade and is used to facilitate international trade. When one party opens a long-term letter of credit ......
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