Letter of credit in which the specified payment is guaranteed by the bank if all terms and conditions are met by the drawee and which cannot be revoked without joint agreement of both the buyer and the seller.

Running ashore (hitting the bot-tom).

Restrictions on the use of a property.

The mean distance a free electron or hole moves before recombining with another hole or electron.

An ocean carrier company operating vessels not on regular runs or schedules. They call at any port where cargo may be available.

Yield calculations on bonds aim to show the return on a gilt or bond as a percentage of either.

The process of connecting a moving rail car with a motionless rail car within a rail classification yard in order to make up a train. The cars move by gravity from an incline or "hump" onto the appropriate track.

See: 'bond.

Nautical Flag meanings can be found here.

A sail attached to the boom at the tack and clew, but not along the foot, or a fore-and-aft sail which is set without a boom.

A small flat bottomed boat square at either end.

A steamship. A ship propelled by a steam engine.

A device designed to enable accumulated liquids to be held for draining in a compressed air system.

Shipments loaded and sealed by shippers and not checked or verified by the carriers.

Surface resistance to relative motion, which slows down movement and causes heat.

(1) A piece of equipment used to drive piles into the ground. (2) Name given to a ship which because of her short length, cannot ride two consecutive waves, and pitches violently into the second.

Pull the sail in by pulling on the sheet.

A stationary element that may be adjustable and which directs the flow medium to the inlet of an impeller.

DC. A continuous, one directional flow of electricity.(2) A type of electricity transmission and distribution by which electricity flows in one direction through the conductor; usually relatively low voltage and high current; typically abbreviated as dc.

A reference to the major operational changes on the London Stock Exchange which took place on.