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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.

Related terms

Certificate of Deposit

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

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Balanced Schemes

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

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DEQ

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

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Stepwise Regression

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

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Acceptance credit

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

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Board Lot

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

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