A B C D E F G H I K L M N O P R S T U V

Date draft

A draft that matures for a specified number of days after issuance, without regard to the date of acceptance.

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Default

In international trade, default is failure to meet the legal obligations (or conditions) of a loan. A national sovereign default is the failure or refusal of a government to repay its national debt. Default can be of two types: Debt services default: occurs…

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Del credere

As relates to international commercial agency relationships, a del credere agent is one who guarantees the ability to pay prospective clients he or she has brought to the principal; in exchange, the del credere agent is usually accorded a higher…

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