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That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly. Thus, the seller relies on the credit risk of the bank, rather than the buyer, to receive payment.
Acceptance credit. An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. The bank "accepts" bills of exchange drawn on the bank by the debtor, discounts them and agrees to pay for them when they mature.
Standing order (banking) A standing order (or a standing instruction) is an instruction a bank account holder ("the payer") gives to their bank to pay a set amount at regular intervals to another's ("the payee's") account. The instruction is sometimes known as a banker's order . They are typically used to pay rent, mortgage or any other fixed ...
A 609 dispute letter, also known as a credit dispute letter, is a written request to credit bureaus to remove incorrect, negative information from your credit report. While many people call these ...
The military slang term for an unknown person is the acronym HGW, standing for vulgar Chuj go wie (lit. "a cock knows him"). Other slang terms include koleś (lit. "mate, pal"); facet or demunitive facio ("guy, bloke") with the feminine forms facetka , facia ; and typ , typek (a type) with its corresponding feminine form typiara recently ...
A. A−. BBB+. BBB. BBB- and below. Not rated. This is a list of U.S. states by credit rating, showing credit ratings for sovereign bonds as reported by the three major credit rating agencies: Standard & Poor's, Fitch and Moody's. The list is given as of May 2021.
Good standing. A person or organization in good standing is regarded as having no financial obligations. [1] [2] A business entity that is in good standing has unabated powers to conduct its activities, which can include business endeavors. [3] Similarly, a person who is in good standing within an organization or educational institution may ...
Having a good credit score can help you access more credit and at better terms and rates. (You can see where your credit currently stands by viewing two of your credit scores, updated each month ...