Trading TermsFeedforward Computation Diversified Debt Funds Capital Gains Distribution Dynamic Data Exchange Option Goods Till Triggered (GTT) Order
Red clause L/C
A crucial component of a letter of credit is the red clause, which enables the beneficiary to obtain partial advance payments. This provision, traditionally set in red ink, is why it is commonly referred to as the 'red clause'. In most cases, the beneficiary simply needs to present drafts and confirm that shipping documents will be submitted in a timely manner to receive payment for the authorized advances. This type of credit is similar to Advance Clause Credits and is primarily used in Australia and New Zealand for export of wool and meat.
Related terms
Understand the meaning and definition of Feedforward Computation in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Diversified Debt Funds in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Capital Gains Distribution in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Dynamic Data Exchange in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Option in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Goods Till Triggered (GTT) Order in the context of stock market, trading, and investments.
MOREExplore other categories


