Retention of Title Clause is a contract clause whereby a seller declares his intention to retain title or ownership over the contract goods until payment by the buyer is completed.
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Haircut is the difference between the market value of a security and its value when used as collateral. The haircut is intended to protect a
- Non-bank Financial Institutions (NBFIs)
In the global economy a new breed of financial institutions known in the banking arena is non-bank financial institutions (NBFIs).
- Single European Act.
One of the most significant events affecting international banking was the Single European Act, which was phased in by 1992 throughout the European Union (EU) countries.As a result of this act, banks have expanded across European countries.
- Marketable securities
Securities which are easy to sell on short notice in any time is called Marketable Securities.
- Counter trade
Counter trade is the trade that includes barter, buy-back, counterpurchase, offset requirements, and swaps relating to exporters commitments to take
- Revocable Documentary Credit
Revocable Documentary Credit as the name implies, the fundamental difference between this type of instrument and an irrevocable credit is
- Take-out Merger
Take-out Merger is the second-step transaction which merges the acquired firm into the acquirer and thus takes out the remaining target