Insolvent is the condition when one is unable to pay one’s debt obligations when due.
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Outright is the purchase or sale of foreign currency for delivery at any forward date beyond two working days ahead.
Bond is a document by which a public limited company borrows the funds for a defined period of time at a variable or fixed interest rate.
- Foreign Corrupt Practices Act of 1977
Foreign Corrupt Practices Act of 1977 refers to a U.S. law that punishes companies and their executives if they pay bribes or make other improper payments to foreigners.
- Risk management
Understanding and measuring risk through methods of risk analysis. The reduction of the risk of financial loss as a result of unpredictable events by adopting precautionary measures.
- Documents against acceptance (D/A)
Documents against acceptance (D/A) is the exporter draws a term bill on the overseas buyer and lodges it, together with shipping
- Society for Worlwide Interbank Financial Telecommunication (SWIFT)
Society for Worlwide Interbank Financial Telecommunication (SWIFT) is a dedicated computer network providing funds transfer messages between member banks around the world.
- Current Yield
Current Yield is the yield on a security resulting from dividing the interest payment or dividend on it by its current market price.