Trading TermsOutside Reversal Month January Effect Locked Limit Annual Net Profit Margin Recourse Stepwise Regression
Confirmation of documentary credit
When a beneficiary receives a documentary credit, they may have concerns about the issuing bank's credibility or the buyer's country's economic stability. In such cases, they have the option to request their local bank to confirm the credit. This can also be included in the credit's terms and conditions by the issuing bank. If the local bank agrees to confirm the credit, it provides its own separate commitment, authorized by the issuing bank, to honor valid drawings under the credit. This adds an additional layer of support from the local bank, in addition to that of the issuing bank.
Related terms
Understand the meaning and definition of Outside Reversal Month in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of January Effect in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Locked Limit in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Annual Net Profit Margin in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Recourse in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Stepwise Regression in the context of stock market, trading, and investments.
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