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Confirmed Letter of Credit
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Confirmed Letter of CreditA letter of credit which a bank other than the bank that opened it agrees to honor as though they had themselves issued it.
RELATED TERMS--------------------------------------
Credit
Money loaned.
Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.
Honor
To accept or pay a check or bill of exchange when it becomes due.
SIMILAR TERMS--------------------------------------
Confidence indicator
A measure of investors' faith in the economy and the securities market. A low or deteriorating level of confidence is considered by many technical analysts as a bearish sign.
Confidence level
In risk analysis, the degree of assurance that a specified failure rate is not exceeded.
Confirmation
The written statement that follows any "trade" in the securities markets. Confirmation is issued immediately after a trade is executed, spelling out settlement date, terms, commission, etc.
Confirming bank
The bank which has confirmed a letter of credit opened by another bank.
Conforming loans
Mortgage loans that meet the qualifications of Freddie Mac or Fannie Mae, which are bought from lenders and issued as pass-through securities.
PREVIOUS AND NEXT TERMS--------------------------------------
Conditional sales contracts
Similar to equipment trust certificates, except that the lender is either the equipment manufacturer or a bank or finance company to which the manufacturer has sold the conditional sales contract.
Conduit theory
A theory that because investment companies are merely conduits for capital gains, dividends, and interest, which are in fact passed through to shareholders, the investment company should not be taxed at the corporate level.
Confidence indicator
A measure of investors' faith in the economy and the securities market. A low or deteriorating level of confidence is considered by many technical analysts as a bearish sign.
Confidence level
In risk analysis, the degree of assurance that a specified failure rate is not exceeded.
Confirmation
The written statement that follows any "trade" in the securities markets. Confirmation is issued immediately after a trade is executed, spelling out settlement date, terms, commission, etc.
Confirmed Letter of Credit
Confirming bank
The bank which has confirmed a letter of credit opened by another bank.
Conforming loans
Mortgage loans that meet the qualifications of Freddie Mac or Fannie Mae, which are bought from lenders and issued as pass-through securities.
Conglomerate
A firm engaged in two or more unrelated businesses.
Conglomerate merger
A merger involving two or more firms that are in unrelated businesses.
Consensus forecast
The mean of all financial analysts' forecasts for a company.
RELATED TERMS--------------------------------------
Credit
Money loaned.
Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.
Honor
To accept or pay a check or bill of exchange when it becomes due.
SIMILAR TERMS--------------------------------------
Confidence indicator
A measure of investors' faith in the economy and the securities market. A low or deteriorating level of confidence is considered by many technical analysts as a bearish sign.
Confidence level
In risk analysis, the degree of assurance that a specified failure rate is not exceeded.
Confirmation
The written statement that follows any "trade" in the securities markets. Confirmation is issued immediately after a trade is executed, spelling out settlement date, terms, commission, etc.
Confirming bank
The bank which has confirmed a letter of credit opened by another bank.
Conforming loans
Mortgage loans that meet the qualifications of Freddie Mac or Fannie Mae, which are bought from lenders and issued as pass-through securities.
PREVIOUS AND NEXT TERMS--------------------------------------
Conditional sales contracts
Similar to equipment trust certificates, except that the lender is either the equipment manufacturer or a bank or finance company to which the manufacturer has sold the conditional sales contract.
Conduit theory
A theory that because investment companies are merely conduits for capital gains, dividends, and interest, which are in fact passed through to shareholders, the investment company should not be taxed at the corporate level.
Confidence indicator
A measure of investors' faith in the economy and the securities market. A low or deteriorating level of confidence is considered by many technical analysts as a bearish sign.
Confidence level
In risk analysis, the degree of assurance that a specified failure rate is not exceeded.
Confirmation
The written statement that follows any "trade" in the securities markets. Confirmation is issued immediately after a trade is executed, spelling out settlement date, terms, commission, etc.
Confirmed Letter of Credit
Confirming bank
The bank which has confirmed a letter of credit opened by another bank.
Conforming loans
Mortgage loans that meet the qualifications of Freddie Mac or Fannie Mae, which are bought from lenders and issued as pass-through securities.
Conglomerate
A firm engaged in two or more unrelated businesses.
Conglomerate merger
A merger involving two or more firms that are in unrelated businesses.
Consensus forecast
The mean of all financial analysts' forecasts for a company.
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This dictionary contains 24549 terms.
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