(redirected fromLetter of Undertaking) AcronymDefinition LOULouisville(Kentucky) LOUHello You(email slang) LOULetter of Understanding LOULey Orgánica de Universidades LOULyon Olympique Universitaire(French rugby team) LOULetter of Undertaking LOULicense to Use ...
A letter of credit (also known as an LC or letter of undertaking) is a financial instrument commonly used in international trade. Typically issued by a bank, it’s a binding agreement between the bank, a buyer (applicant), and a seller (beneficiary). It serves as a guarantee that the ...
In a loan agreement, the “borrower” first makes representations about his links adjoining his character, credit worthiness, regular income, and any other guarantee that he may have presented to undertaking as security for a loan. This letter mention the purpose of obtaining loan of certain amoun...
European Letter of Credit means any Bank Guarantee or any commercial or standby letter of credit issued or to be issued by an Issuing Bank for the account of any Foreign Subsidiary pursuant to Section 2.04(a)(ii) of this Agreement, and any letter of credit issued and outstanding as of the...
Chapter8.LetterofGuarantee 1.Definition,partiesofguarantee.2.Contentsandprocedureofguarantee.3.Maintypesofguarantee.h 1 8.1.1Definition（银行保函的含义）Abankguaranteeisawrittenpromiseissuedbyabankattherequestofitscustomer,undertakingtomakepaymenttothebeneficiarywithinthelimitsofastatedsumofmoneyintheeventof...
UndertakingofPayment),whichistheguarantor'sobligationsindependentoftheclientinthetransactionunderthecontractobligations.Theguarantorshallpaythebeneficiary'sclaimaslongasthepaymenttermspecifiedintheguaranteedocumentsisalreadyavailable.Thebankshallnotbearanyresponsibilityfortheperformanceoftheliabilitiesandobligationsofthe...
of the letter undertaking to provide him the money for the goods, or to repay him by exchange, or to give him such satisfaction as he shall require, either for himself or the bearer of the letter. 3 Chit Com. Law, 336; and see 4 Chit. Com. Law, 259, for a form of such letter...
While going all out to serve enterprises and the public, the Bank made its contribution to the "anti-counterfeit undertaking" and effectively raised the anti-counterfeit awareness among the general public. As at the end of the year, the Bank confiscated 6,939 counterfeit RMB banknotes, a ...
Any Reimbursement Amount that is not paid in full when due shall be deemed to be and shall constitute a demand loan made to the Company by Bank One on such due date in the principal amount of the unpaid Reimbursement Amount (each such loan being referred to herein as a "Letter of Credit...
其英文释义为:An issuing bank (also called an issuer) is part of the 4 party model of paym... 一文总结报关单相关词汇 hanlicy: 一.单证(Documents)进出口业务涉及的单证总的包括三大类:1、 金融单证(信用证、汇票、支票和本票)2、商业单证(发票、装箱单、运输单据、保险单等3、用于政府管制的单证(...