Account party
Account party is the customer who requests a standby letter of credit from a bank or other lender of funds.
Category: Banking & Finance
Previous: ← Yield on a discount basis
Next: Add-on method →
More from this Section
- Volatility
Volatility is the standard deviation of daily percentage changes in the underlying exchange ... - Bearer bonds
Bearer bonds are bonds that are not registered on the books of the issuer. Such bonds ... - Consumer durable expenditure
Consumer durable expenditure is the spending by consumers on durable items such as automobiles ... - Nonborrowed monetary base
... - Commercial and industrial loans
Commercial and industrial loans is the credit granted to business to help cover purchases ...