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2. Letter of credit - Wikipedia

   en.wikipedia.org/wiki/Letter_of_credit

   This type of letter of credit was eventually replaced by traveler's checks, credit cards and automated teller machines. [6] Although letters of credit first existed only as paper documents, they were regularly issued by telegraph in the late 19th century, and by telex in the latter half of the 20th century. [7]

3. Uniform Customs and Practice for Documentary Credits

   en.wikipedia.org/wiki/Uniform_Customs_and...

   The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.

4. Acceptance credit - Wikipedia

   en.wikipedia.org/wiki/Acceptance_Credit

   Acceptance credit. An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. The bank "accepts" bills of exchange drawn on the bank by the debtor, discounts them and agrees to pay for them when they mature.

5. What Can I Use a Letter of Credit For? - AOL

   www.aol.com/finance/letter-credit-140001832.html

   A letter of credit is a written document from a bank guaranteeing the seller of a product or service will be paid as long as the goods or services are provided, as specified. Letters of credit are ...

6. Credit enhancement - Wikipedia

   en.wikipedia.org/wiki/Credit_enhancement

   Securities. Credit enhancement is the improvement of the credit profile of a structured financial transaction or the methods used to improve the credit profiles of such products or transactions. It is a key part of the securitization transaction in structured finance, and is important for credit rating agencies when rating a securitization.

7. Banker's acceptance - Wikipedia

   en.wikipedia.org/wiki/Banker's_acceptance

   e. A banker's acceptance is a commitment by a bank to make a requested future payment. The request will typically specify the payee, the amount, and the date on which it is eligible for payment. After acceptance, the request becomes an unconditional liability of the bank. Banker's acceptances are distinguished from ordinary time drafts in that ...

8. Trade finance - Wikipedia

   en.wikipedia.org/wiki/Trade_finance

   t. e. Trade finance is a phrase used to describe different strategies that are employed to make international trade easier. It signifies financing for trade, and it concerns both domestic and international trade transactions. A trade transaction requires a seller of goods and services as well as a buyer. Various intermediaries such as banks and ...

9. 3 Times You Need to Check Your Credit Score - AOL

   www.aol.com/3-times-check-credit-score-100015210...

   Image source: Getty Images. Credit scores are a mystery to most folks who don't work in personal finance. It's a little scary that a three-digit number can have such a big impact on your life.