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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Unbundling— dividing cash flows from an affiliate to a parent into their many separate components, such as royalties, lease payments, dividends, etc., so ...
Cronyism is the tendency of local firms to be controlled either by families or by groups related to the governing party or body of the country.
- Umbrella policy
Umbrella policy refers to a policy that is issued to a bank or trading company to insure exports of an exporter and handle all administrative requirements.
- Statutory Audit
Statutory Audit by law, certain companies need to have their accounts audited by suitably qualified accountants. This is called a statutory audit.
- Unit of account
Unit of account is anything used to measure value in an economy.
- Fixed exchange rates
Fixed exchange rates refer to the foreign exchange rates tied to the currency of a major country (such as the United States), gold, or to a basket ...
- Special Drawing Right (SDR)
The Special Drawing Right (SDR) is an international reserve asset created by the IMF (International Monetary Fund) to supplement existing foreign exchange ...