What is the meaning of Usance LC ? A Usance or a Deferred Letter of Credit; means that even after the buyer has received the goods or services the buyer gets a grace period to do the payment to the financial institution or the bank i.e 30, 60, 90 or more days as per agreed during...
How do I know the NEFT creditor to my bank account? What is the difference between a debit card and a credit card? How can I check my bank account balance if I only have my account number?628989=7231== What is the meaning of recapitalization of banks in the Indian context?
Learn the definition and meaning of a letter of credit (LC) and understand its working. Explore the various types of LC and view a letter of credit sample. Related to this Question Define letter of credit What is an accommodation letter?
You’ve had this uneasy feeling many times before, most especially when you’ve observed something you don’t like in this world, which you know, deep down within the inner core of your very being, is wrong, wrong, wrong on so many levels. And although you have previously been able to...
This is not just any law college, it’s the one which has extra judges in additional courtrooms than any other. Banking law and monetary regulation set minimal requirements on the quantities of capital banks must hold, and rules about finest follow for investment. This is to insure against th...
Meaning of FCA under Incoterms 2020EXW,Ex Works under Inco terms 2020Inco Terms, Different stage where risks and costs transfer from Seller to BuyerParties involved to use Incoterms directly and indirectlyIs it necessary to use trade mark of Incoterms under Sale contractMention year of Inco ...
Nowadays, employment is a challenge for people but more for disabled ones. Prior literature shows that, at a European level, there are different ways for p
This study investigated the role of Information and Communications Technology in an enhanced banking operation using Diamond Bank Plc, Imo State as a case study. The study was motivated by the fact that most industries, financial institutions rely on gathering, processing, analyzing, and providing ...
The International Standard Banking Practice The ISBP is not intended to amend the UCP 500. Instead, it is a guide to how the rules should be applied in a day-to-day working environment. The ISBP is laid out in a similar manner to the UCP 500; it covers the application, general principa...
Electronic Funds Transfer | Definition, Types & Examples from Chapter 12 / Lesson 8 79K Learn the electronic funds transfer definition and how EFTs work. Discover EFT's meaning in banking and see various examples of electronic funds transfers. Related to this QuestionWhat...