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Ab Ac Ad Af Ag Ai Al Am An Ap Ar As At Au Av
Ava Ave Avo

Availability

In letters of credit, refers to the availability of documents in exchange for payment of the amount stated in the letter of credit. Availability alternatives are: By sight payment: payment on receipt of the documents by the issuing bank or…

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Aval

A guarantee notice that a third party (other than the drawee) places on a draft. This is used when a buyer´s credit is in itself not sufficient to justify a sale, and a more creditworthy party is willing to guarantee…

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Average

Insurance term for a loss or damage incident that is less than total.

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Avoidance of contract

The legal cancellation of a contract because an event occurs that makes performance of the contract terms impossible or inequitable and that releases the parties from their obligations. See force majeure clause.

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