Welcome to the 1520 Perfect Dictionary
Click on any title to read the full article
| Letter of credit | |
|---|---|
| LETTER OF CREDIT Definition: (finance) A letter from a bank that allows you to get a particular amount of money from another bank. ______________________________________________________________________ * All seven elements should be in. 1. Purposeful and necessary. 2. Application was professionally assessed before approval for request was given. 3. Issuing bank has a solid financial standing. 4. Bank expected to honor letter has a correspondent relationship with requesting bank. 5. Letter will be honored timely. That is, lending bank is expected to be financially buoyant. 6. All the parties to transaction will make some gains from the arrangements entered into, as stated in the agreements that would be made. And the 'contract' terms will be respected by all. 7. The economy and the industry to which funding is applied will be better by the way financing is used. _________________________ See perfect EXPORTER. | |
1520 Products |
||
|---|---|---|
1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
||
 1520 Sex Game |
 1520 Puzzles |
 1520 Marriage Game |