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A letter of credit is a provided by a bank or financial institution on behalf of a borrower or buyer, to ensure the seller that payments will be made on time and in full.
In the event that the buyer is unable to make payment on the purchase, the bank will have to step-in to cover the full or remaining amount of the purchase. Letters of credit are often used in international transactions to guarantee that payment will be received.
Par value is most often associated with bonds, and refers to the amount that will be returned to the investor at maturity
A BitLicense is an informal name for the New York state license required of cryptocurrency businesses to operate within the state
The Federal Reserve Bank is a 12-bank system in the United States that plays the role of the country’s central bank
Currencies are exchanged for each other on a massive scale on the international Forex market. Millions engage in trading
The House Price Index (HPI) tracks average prices of homes using data from sales and refinancing, tracking the data...
The rating in question here, B3/B-, is on the low end of the “Highly Speculative” subset. Risk of defaulting is over 20%
Accountants and companies have responsibilities for maintaining accurate records of financial transactions and accounts
Annuities are unique products in that they provide the owner with tax-deferred growth, much like an IRA or a Roth IRA
As with other retirement plans, this will mostly depend on the options available to you through your custodian
An investment bank is a financial institution that typically specializes in large, complex transactions, such as...