In banking, the action by which a negotiable instrument is circulated (bought and sold) from holder to another. In letter of credit transactions, the examination of the seller´s, documentation by the negotiation bank to determine if they comply with the…
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The activities (including discussions, transfer of information, compromise, etc.) leading to a settlement or agreement concerning a business transaction. Each party to the negotiation must gain enough from the process to make it worthwhile to themselves and concede a sufficient…
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