en

documentary credit

1

Terminological databases

EKI terminibaas Esterm

ID 707534 Last modified 30.12.2004
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Domain banking systems & trust companies
documentary credit preferred
  • documentary letter of credit - the authority given by a bank to a third party enabling him to draw funds within a stated time against presentation of certain documents
Good to know
  • FI: remburssi [T40691] [EUR] DE: Dokumentenkredite [T40691] FR: credits documentaires [T40691] def.: ulkomaankaupan maksutapa, jossa ostajan pankki (avaajapankki) sitoutuu maksun suorittamiseen kaupan osapuolten sopimia remburssiasiakirjoja vastaan. note: englanninkielinen määritelmä on hyvin epämääräisessä muodossa. Esim. ranskankielisessä määritelmässä korostetaan, että kyse on pankille annetusta tehtävästä [EUR]
documentary credit preferred
Usage examples
  • Medium/low risk - Documentary credits in which underlying shipment acts as collateral and other self-liquidating transactions, - Other items also carrying medium/low risk.

EKI terminibaas Esterm

ID 696050 Last modified 30.12.2004
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Domain customsfinancial transactions - payment systems - cash
letter of credit preferred
  • a letter written by a bank (issuing bank) given to the seller (beneficiary) at the request, and on the instruction, of the buyer (applicant) to pay at sight or at a determinable future date up to a stated sum of money, within a prescribed time limit and against stipulated documents
akreditiiv
Usage examples
  • Akreditiiviarvelduse puhul kohustub akreditiivi avanud kontopidaja käsundiandja (akreditiivi avaja) korralduse alusel või omal algatusel akreditiivi järgi soodustatud isiku kasuks vastavalt akreditiivi tingimustele, eelkõige ettenähtud dokumentide esitamisel, tegema makse või aktseptima ja lunastama kolmanda isiku veksli või täitma muu kohustuse või volitama selleks teist kontopidajat (täitev kontopidaja).
letter of credit preferred
Usage examples
  • Payment may be made by way of letters of credit or negotiable instrument and may be made directly or indirectly.

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