Equal ownership of property by two or more people. In the event of the death of one of the owners,.

A tax return completed and signed by two people, usually a husband and wife. They have equal.

Two or more people owning property. In the event of the death of one of the tenants, the property.

A ruling by a court of law. An example is the ordering of a court to a person to settle a debt to.

In the US, this is a certificate of deposit with a denomination of $100,000 and above. They are.

Bonds which offer high rates of interest but with correspondingly higher risk attached to the.

This is an irreversible guarantee given by the buyer's bank to pay a specific amount of money immediately or on a future date to the seller when he or she presents specific documents before a certain date and under the International Chamber of Commerce ru ...

An insurance policy arranged by either the buyer or the seller to insure goods against damage in transit. The appropriate Incoterm will determine the responsibility of the buyer or seller to arrange the insurance.

The date on which a Bill of Exchange or Letter of Credit becomes due for payment.

A negotiable instrument is any document, which permits one party to transfer their rights to a second party by endorsing and delivering the document to the second party. An instrument is only fully negotible when the party transferring it receives value a ...

The process by which a negotiable instrument such as a Bill of exchange, Promissory Note or Cheque is transferred in good faith and for value. Negotiation only occurs when the transferring party receives value. In international trade this is normally an e ...

Noting is a preliminary form of protesting a Bill of Exchange - that is - an initial official statement that the bill of exchange or promissory note has not been paid.

This is a trading term between buyer and seller where a seller agrees to deliver goods to a buyer before a payment is made and without any form of guarantee of payment.

This is when a load is sent in more than one consignment. In a letter of credit, the buyer can say whether this is allowed or not allowed.

A guarantee issued by a bank, on behalf of a seller to a buyer, to support the sellers ability to perform under the contract. If the seller fails to perform in accordance with the contract the buyer can claim compensation under the guarantee.

The risk that the buyer or seller will not complete the contract in accordance with their contractual obligations.

The number of days from the shipment date that the seller is allowed to present documents to the advising or issuing bank under a Letter of Credit. It is normally 21 days, although it can be shorter.

Protesting involves getting legal evidence that a bill of exchange or promissory note has not been paid.

MT 100 - bank payment on behalf of a customer.MT 400 - bank payment in settlement of a collection.MT 700 - bank issuance of a letter of credit.

A guarantee issued by a bank, on behalf of a buyer that protects the seller against non-payment for goods shipped to the buyer. The buyer pays the seller directly for the goods and only if the buyer fails to pay does the seller claim under the Standby Let ...