Trading Terms

Transferable credit

A transferable credit is a type of credit that grants the beneficiary the power to direct the bank to make payment or acceptance on their behalf. This can also extend to other banks involved in the negotiation process. In simpler terms, it allows the beneficiary to transfer the credit to additional parties, known as second beneficiaries. This flexibility makes transferable credits a useful tool in international trade and finance.

Related terms

Noisy Signal

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

MORE
Shading

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

MORE
DDU

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

MORE
Comparitor

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

MORE
Surcharge

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

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers