Definition Of

Unfair Calling Insurance

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.

Share it:

More from this Section

  • The Multinational Enterprise (MNE)
    The Multinational Enterprise (MNE) is defined as one that has operating subsidiaries, branches, or affiliates located in foreign countries. It also includes firms in service...
  • Partial Shipment
    Partial Shipment is a load sent in more than one consignment. In a Letter of Credit, the buyer can say whether this is allowed or not allowed
  • Bank Drafts
    A bank draft is an order from one branch to another branch of the same bank to specified sum of money to the person named there in or to his order.
  • Duration
    Duration refers the average life of an asset or liability, or more technically, the weighted time to maturity using the relative present values ...
  • Conglomerate
    Conglomerate is a combination of unrelated firms; any combination that is not vertical or horizontal
  • Branch Managers
    When banks operate large branch system, many of these functions are supervised by the manager of each branch office.
  • Pledge
    In the case of the pledge, the goods are placed in custody of the bank with its name on the god own where they are stored.