letter of credit definition

Receive alerts:
by e-mail
E-mail Your information will be added to a database with the sole purpose of serving your subscription. This database is the exclusive property of vLex Networks S.L. and will never be shared with any other company. By sending your request you accept the Data Protection Policy of vLex Networks S.L. I have read and accept the Terms of Use
via RSS

More than 10.000 documents for letter of credit definition

- Negotiation in Letter of Credit Practice and Law: The Evolution of the Doctrine
The concept of negotiation in letter of credit practice and law has evolved from being an appendage of the law of negotiable instruments to an independent discipline that often alters basic assumptions of negotiable instruments law. From playing a central role in the letter of credit process, the draft or bill of exchange has become incidental and atrophied. Indeed, with respect to banks nominated in the letter of credit to "negotiate," negotiation can occur without there being a draft or bill of exchange. Nonetheless, negotiation, as used in letters of credit, is an important aspect of letter of credit practice, enabling it to serve as a means of trade facilitation and finance. The latest revision of the Uniform Customs and Practice for Documentary Credits, UCP600, reflects the currenc...

... at all.26 UCP600 (2007) Article 2 (Definitions) paragraph 2 states that "Negotiation" can be of "...
- Texas International Law Journal
- Vol. 42 Nbr. 3, July 2007
- FDIC v. Philadelphia Gear Corp., 476 U.S. 426 (1986)
... of respondent, a bank issued a standby letter of credit for respondent's benefit in the amount o... note was an insured deposit under the definition of "deposit" in 12 U.S.C. 1813(l) (1) as an unpaid...
- U.S. Supreme Court
- 12 CFR 337.2 - Standby letters of credit.
...(a) Definition. As used in this section, the term standby letter ...
- Code of Federal Regulations - Title 12: Banks and Banking

- 30 CFR 946.12 - State program provisions and amendments not approved.
...(1) The definition of ?affected area? in section 480-03-19.700.5 to t... current at the time of issuance of the letter of credit,? in the definition of ?Collateral bond,...
- Code of Federal Regulations - Title 30: Mineral Resources
- Rep. Scott Garrett Holds a Hearing On the Sec Budget
... advisors and broker- dealers, and rein in credit-rating agencies. Dodd-Frank gives the SEC the tool... to exempt offerings, revisions to the definition of a credited investor and disqualification of off... the form of interpretative and no action letters as well as exceptive relief from the provisions of...
- Political Transcript Wire
- March 21, 2011
- 31 CFR 560.535 - Letters of credit and brokering services relating to certain foodstuffs and carpets.
... bank that is not included within the definition of the term Government of Iran. (2) A United State...
- Code of Federal Regulations - Title 31: Money and Finance: Treasury
- 7 CFR 20.4 - Definitions.
... posting of an exporter performance bond or letter of credit from the foreign buyer is included in th...
- Code of Federal Regulations - Title 7: Agriculture
- Delaware's Not So Safe Harbors: Third Circuit Bankruptcy Court Declines To Rule That A Payment On A Letter Of Credit Is An Avoidance-Proof 'Settlement Payment'
... is specifically excluded from the definition of a "security" contained in section 101(49)(B)(i)...
- Mondaq Business Briefing
- United States Law Articles in English
- 26 CFR 1.924(e)-1 - Activities relating to the disposition of export property.
... of companies is not included in this definition of advertising. Additionally, advertising primaril... been tendered or received pursuant to a letter of credit as a receipt for payment satisfies this ...
- Code of Federal Regulations - Title 26: Internal Revenue
- Sullivan v. Greenwood Credit, (1st Cir. 2008)
...§ 1681 et seq., of an unsolicited. letter to a consumer about the offering of credit for a h... The statutory definition. imposes no requirement that a "firm offer of cred...
- Federal Circuits