Trading TermsDAF Unfair calling insurance Currency future Value at Risk (VaR) Window Demand Index
Back to back (or head and counter) credit
A documentary credit, also known as a counter credit, is a financing tool used by a seller, or importer, to purchase goods necessary to fulfill a sale covered by the original credit. This arrangement allows the importer's bank to use the first credit as collateral. The importer, as the applicant for the second credit, is liable for reimbursing the bank for any payments made, regardless of whether the original credit is paid or not. It is important to note that this type of credit is different from a transferable credit.
Related terms
Understand the meaning and definition of DAF in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Unfair calling insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Currency future in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Value at Risk (VaR) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Window in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Demand Index in the context of stock market, trading, and investments.
MOREExplore other categories
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
