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Trading Terms

Special documentary credit liability (SPECIAL DOC L/C)

As we delve into the world of finance, it's important to understand the concept of documentary credits. These credits may offer the option for a negotiable set of documents to be sent directly to the customer and the bank or branch involved. This means that the customer could gain possession of the goods before making payment. However, this also means that the customer is directly liable for the goods from the moment the credit is established. It's crucial to be aware of this potential responsibility when dealing with documentary credits.

Qualified acceptance

Acceptance of a bill of exchange can take on various forms, each with their own unique conditions and implications. A conditional acceptance is one where payment is dependent...

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Reversal Gap

In the realm of finance, there exists a technical analysis tool known as the Bullish Piercing Pattern. This pattern is characterized by a low on the last day that surpasses ...

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Chaos Theory

Chaos theory, a branch of nonlinear dynamics analysis, delves into the intricate and unpredictable behavior of complex systems. As a subset of this field, it focuses on unde...

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Dock receipt

A Bill of Lading is a crucial document used in international trade to confirm the receipt of goods by the carrier at the departure port. It serves as a contract between the ...

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