Unfair Calling Insurance is insurance coverage to protect principals who have issued demand guarantees, bonds or standby letters of credit against unfair or abusive call of the bond/guarantee.
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- Case of Need
The drawer of a bill, and any endorser, may insert therein the name of a party to whom the holder may resort in case of need
Statement all transactions in a bank account for a period of time. Statements are usually given once a month
- Foreign Currency option
A foreign currency option is a contract giving the option purchaser (the buyer) the right, but not the obligation, to buy or sell a given amount of foreign exchange ...
- Accounting Exposure
Accounting Exposure, also called translation exposure, is the potential for accounting-derived changes in owner’s equity to occur because of the need to “translate” foreign ...
- Coupon Rate
Coupon Rate is the stated interest rate on a bond.
- Bid or Tender Bond
Bid or Tender Bond is a bond which provides an assurance of the intention of the party submitting a tender (i.e. the principal) to sign a contract if his tender is accepted
- Foreign Exchange Rate
Foreign Exchange Rate is the value of a nation’s currency in terms of another nation’s currency.