- Red Clause Letter Of Credit
- A specific type of letter of credit in which a buyer extends an unsecured loan to a seller. Red Clause Letters of Credit permit documentary credit beneficiaries to receive funds for any merchandise outlined in the letter of credit. These letters are commonly used by beneficiaries who act as purchasing agents for buyers in another country.
The funds provided in a Red Clause Letter of Credit are known as advances. These advances are then deducted from the face amount of the credit when it is presented for payment. Red Clause Letters are usually employed to facilitate international exports and trade.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
red clause letter of credit — Also known as anticipatory credits. A letters of credit which contains a clause (traditionally printed in red) authorising the nominated bank to make advances to the seller before shipment/presentation of documents. It is generally of value to… … Law dictionary
red clause credit — /ˌred klɔ:z kredɪt/ noun a letter of credit authorising the holder to receive an advance payment, usually so that he can continue trading … Dictionary of banking and finance
Free Exercise Clause — United States of America This article is part of the series: United States Constitution Original text of the Constitution Preamble Articles of the Constitution I · … Wikipedia
The Thin Red Line (1998 film) — Infobox Film name = Thin Red Line image size = caption = Theatrical poster director = Terrence Malick producer = Robert Michael Geisler Grant Hill John Roberdeau writer = Screenplay: Terrence Malick Novel: James Jones narrator = starring = Sean… … Wikipedia
аккредитив с красной оговоркой — Аккредитив, который позволяет получить проценты от номинальной цены аккредитива до поставки, что позволяет экспортеру заказывать продукцию и оплачивать другие расходы, связанные с обработкой и подготовкой заказа на экспорт. Аккредитив с красной… … Справочник технического переводчика
Rich Rodriguez — College coach infobox Name = Rich Rodriguez Caption = Rodriguez in July 2007 DateOfBirth = birth date and age|1963|5|24 Birthplace = flagicon|West Virginia Grant Town, WV DateOfDeath = Sport = Football College = Michigan Title = Head Coach… … Wikipedia
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… … Universalium
international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… … Universalium
china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material … Universalium