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Trading Terms

Paying bank (or paying agent)

In the world of finance, there is a crucial role played by the bank that reviews and verifies the documents submitted by the exporter. This bank then takes on the responsibility of arranging payment to the exporter, but only if the documents adhere to the terms and conditions outlined in the documentary credit. This process is essential in ensuring the smooth and secure transfer of goods and funds in international trade.
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All terms related to various types of organizations or individuals, like investors, banks, insurers,
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Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various
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A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
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The "Property" category in finance encompasses all aspects related to real estate and tangible asset
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