This is where a bank other than the issuing bank also guarantees payment under the letter of credit. It normally is used if a seller finds the issuing bank an unacceptable risk and asks his or her own bank or another acceptable bank to guarantee (confirm) ...

A transaction which leads to a chargeable gain and which in turn promotes the issuing of a.

An extensive property.

The amount by which a company's yearly dividends grow compared with the previous.

People resident and domiciled in the UK are liable to income tax from their world-wide income.

To purchase enough of the available supply of a commodity or stock in order to manipulate its.

The payment of a dividend by a company out of its.

The process of moving payments between accounts from different banks or.

A card, issued by a bank (or a building society in the UK), which guarantees the payment of a cheque.

A product such as an automobile or appliance whose life expectancy is at least three.

The movement of a futures price towards that of the underlying instrument as the contract date.

A with profits life assurance bonus, normally added annually to the policy, which is based on the.

Life assurance where payment of the sum assured depends on an event or events additional to the.

An arrangement in which two parties exchange a series of cashflows in one currency for a series.

The major regulatory bank in a country, usually government controlled.

Unforeseeable events, beyond the control of participants in a contract, which may excuse either side.

A payment system in which the payer authorises the payee to take funds from his bank.

Corporate bonds are issued by companies to raise capital. They are an alternative to issuing new.

These are special foreign currency denominated bank cheques which customers can buy at any branch and send to their clients to pay off debts.

This is where a seller sends documents relating to a shipment through his or her bank to the buyer's bank asking that they are released when a payment is made (CAD or D/P) or a bill of exchange is accepted (D/A).