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

Market risk

The possibility that results at the time a product is delivered may differ from expectations held at a time it was ordered. For instance, the market price may have increased o decreased, or the product may be in greater or…

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Maturity date

The date an obligation becomes due. In bank collections, the due date of an accepted draft.

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Merchant´s credit

A letter of credit issued by the buyer himself. Contains no commitment whatever on the part of a bank. See letter of credit.

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MIGA

The Multilateral Investment Guarantee Agency (MIGA) is a financial institution that belong to the World Bank Group and provides political risk coinsurance and reinsurance for investment in client-developing countries. Website.

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Money order

An instrument used to remit money to a named payee, often used by parties who do not hold a current account with a banking institution to pay bills or transfer money to another party. There are three parties to a…

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