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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.

Back-Propagation Network

In the field of finance, one often comes across the term "feedforward multilayered neural network". This is a neural network model that is widely used in various financial ...

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Surcharge

Understanding the complexities of ocean freight charges is essential for anyone involved in finance. These fees, which include bunker, currency fluctuation, congestion, port...

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In Play

A stock that is at the center of a public bidding competition, such as in a takeover or bear raid, is known as a target stock. This term is commonly used in the world of fin...

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Balanced Schemes

Balanced funds, also known as Balanced Schemes, offer a unique blend of equity and debt investments. This allows for diversification of portfolios, which is essential for mi...

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