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

Applicant

The party applying for the issuance of a letter of credit. It is also called the account party.

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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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