A B C D E F G H I K L M N O P R S T U V
Ab Ac Ad Af Al Am Ap Ar As At Av

Application

In a letter of credit, instructions from the applicant to the issuing bank to open it.

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Appreciation

In foreign exchange, an increase in the value of the currency of one nation in relation to currencies of other nations.

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Arbitrage

The simultaneous buying and selling of the same commodity or foreign exchange in two or more markets in order to take advantage of price differentials. See also hedging.

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Assignee

A party to whom all or part of the procedures of a letter of credit have been formally pledged, usually through a bank.

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Assignment

1. In law, the transfer of rights, title, interests and benefits of a contract or financial instrument to a third party. 2. In letters of credit, the beneficiary of the letter of credit is entitled to assign his/her claims to…

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