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
- Country Risk
Country Risk, in banking, is the likelihood that unexpected events within a host country ... - Other-than-collision loss
Other-than-collision loss is a part of the coverage available under Part D: Coverage for ... - “Dirty” float
“Dirty” float refers to a system of floating (i.e., market-determined) exchange rates ... - Banker’s Acceptance
Banker’s Acceptance is negotiable time drafts, or bills of exchange, that have been ... - Foreign Exchange Risk
In today’s dollarized world with huge international trade exchange of currency has become ...