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Banks and financial institutions offer the following products and services in their trade finance branches. Letter of credit: It is an undertaking/promise given by a Bank/Financial Institution on behalf of the Buyer/Importer to the Seller/Exporter, that, if the Seller/Exporter presents the complying documents to the Buyer's designated Bank/Financial Institution as specified by the Buyer ...
The cognates in the table below share meanings in English and Spanish, but have different pronunciation. Some words entered Middle English and Early Modern Spanish indirectly and at different times. For example, a Latinate word might enter English by way of Old French, but enter Spanish directly from Latin. Such differences can introduce ...
A POF is commonly used when commencing a commercial transactions between parties who do not know each other. The purchaser's bank produces evidence in a standard format that their client is good for a transaction up to the value of xx, based on yy item etc. Usually, such letters have to be produced/verified/confirmed by a class A international bank, as local banks may not have the status ...
A credit-builder loan also works like a share-secured loan, but you pay off the loan before you can access the money. The lender you choose will deposit the funds into a savings account.
In a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a connected company) acts as an intermediary between the bank or financial institution and the consumer. Other forms of secured loans include loans against securities – such as shares, mutual funds, bonds, etc.
from Spanish chocolate, from Nahuatl xocolatl meaning "hot water" or from a combination of the Mayan word chocol meaning "hot" and the Nahuatl word atl meaning "water." Choctaw from the native name Chahta of unknown meaning but also said to come from Spanish chato (="flattened") because of the tribe's custom of flattening the heads of male infants.
An equipment loan is financing you take out to buy a specific piece of business equipment. And in this case, equipment can be pretty broad. Companies take out equipment loans to finance the ...
Transaction banking can be defined as the set of instruments and services that a bank offers to trading partners to financially support their reciprocal exchanges of goods (e.g., trade), monetary flows (e.g., cash), or commercial papers (e.g., exchanges). Transaction banking allows banks to maintain close relationships with their corporate ...