Revolving Letter of Credit is a Letter of Credit in which the value of the Letter of Credit is automatically reinstated upon utilization. A Letter of Credit may revolve by value, time or both.
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Blank Endorsement is an endorsement in blank specifies no endorsee and a bill so endorsed becomes payable to bearer and may be negotiated by delivery.
- Putable Swap
A putable swap provides the party making the floating rate payments with right to terminate these swaps. A putable swap allows the ....
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All the short-term assets (like cash),marketable securities,receivables and inventory of a firm which are used in daily operations,is defined as Working Capital.
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Futures contract is contract for future delivery of a commodity, currency or security on a specific date. In contrast to forward