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Trading Terms

Revocable documentary credit

A vital distinction exists between an irrevocable credit and this financial instrument, aptly named the revocable credit. Unlike an irrevocable credit, this type of instrument allows the issuing bank to alter or terminate it without the beneficiary's approval, potentially at the behest of the importer or applicant. In essence, it offers less security and stability for the beneficiary.

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Understand the meaning and definition of Sales Load in the context of stock market, trading, and investments.

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Understand the meaning and definition of Delay in the context of stock market, trading, and investments.

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Understand the meaning and definition of Framing or Frame Dependence in the context of stock market, trading, and investments.

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Point/pip

Understand the meaning and definition of Point/pip in the context of stock market, trading, and investments.

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Understand the meaning and definition of Commercial Invoice in the context of stock market, trading, and investments.

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Understand the meaning and definition of Spot rate in the context of stock market, trading, and investments.

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