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That is to say, a letter of credit is a payment method used to discharge the legal obligations for payment from the buyer to the seller, by having a bank pay the seller directly. Thus, the seller relies on the credit risk of the bank, rather than the buyer, to receive payment.
Loan agreements are documented via their commitment letters, agreements that reflect the understandings reached between the involved parties, a promissory note, and a collateral agreement (such as a mortgage or a personal guarantee). Loan agreements offered by regulated banks are different from those that are offered by finance companies in ...
Adianoeta – a phrase carrying two meanings: an obvious meaning and a second, more subtle and ingenious one (more commonly known as double entendre). Alliteration – the use of a series of two or more words beginning with the same letter. Amphiboly – a sentence that may be interpreted in more than one way due to ambiguous structure.
Boilerplate text. Boilerplate text, or simply boilerplate, is any written text (copy) that can be reused in new contexts or applications without significant changes to the original. The term is used about statements, contracts, and source code, and is often used in the media pejoratively to refer to clichéd or unoriginal writing.
Repetition is the simple repeating of a word, within a short space of words (including in a poem), with no particular placement of the words to secure emphasis. It is a multilinguistic written or spoken device, frequently used in English and several other languages, such as Hindi and Chinese, and so rarely termed a figure of speech.
In grammar, a conjunction (abbreviated CONJ or CNJ) is a part of speech that connects words, phrases, or clauses, which are called its conjuncts. That description is vague enough to overlap with those of other parts of speech because what constitutes a "conjunction" must be defined for each language. In English, a given word may have several ...
For Oxford spelling, see Wikipedia:Manual of Style/Spelling § British English with "-ize" (Oxford spelling). A serial comma (sometimes also known as an Oxford comma or Harvard comma) is a comma used immediately before a conjunction (and, or, nor) in a list of three or more items. ham, chips, and eggs – serial comma.
A loanword (also a loan word, loan-word) is a word at least partly assimilated from one language (the donor language) into another language (the recipient or target language), through the process of borrowing. [1][2] Borrowing is a metaphorical term that is well established in the linguistic field despite its acknowledged descriptive flaws ...