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The number of days of business credit the customer has before they need to make payment to the supplier. This starts when they receive the goods and is typically 30, 60, 90, 120 or 180 days. In the extreme, it may be longer - typically for large capital sales (i.e. specialist mining equipment).
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Answer You would only be able to write a derogatory letter if you a creditor who reports to the credit bureaus. If someone owes you money, you can go …to court and file a judgment. This would show up on someones credit report, showing 'you' as the plantiff and the debtor as filed against. The judgment would remain on a credit report until the judgment is paid or falls off the credit report in seven years.
Answer A letter of credit that is payable once it is presented along with the necessary documents, a written commitment by a bank to make payment at sight.
How would you word a cease and desist letter to be sent to a credit card collection agency who is harassing you day and night?
Answer To Whom It May Concern: In response to your constant phone calls and in accordance with FDCPA (15 USC 1692c) Section 805(c), I am exercis…ing my legal rights as a consumer. You must cease all communication with me after receiving this written notification that I no longer wish to communicate with your agency or its representatives. Therefore, I demand that you "cease and desist" calling me and members of my family at home, place of employment, cell phone or at any other location. In accordance with the federal FDCPA you may only contact me to inform me that: (1) Collection efforts are being terminated. (2) Specified remedies may be invoked. (3) A specified remedy has been invoked Also be advised that I am keeping a record of your contact with me and my family members including the recording all telephone conversations. I am equally prepared to file a complaint with the Attorney General's office and further execise my legal rights under Section 813 of the FDCPA. Sincerely, (Change the wording to what best suits the individual's circumstances and be certain to include all necessary account information, the exact name on the account and the number. "Specified remedies may be invoked" is defined as, the account being sold to a third party creditor, possible arbitration action or a lawsuit. "Specified remedy has been invoked" either one of the afore mentioned actions). Consult the laws of the state of residency concerning the taping of telephone conversations.
C&F Terms of Sale, or INCOTERMS. Obsolete, albeit heavily used, term of sale meaning "cargo and freight" whereby Seller pays for cost of goods and freight charges up to d…estination port. In July, 1990 the International Chamber of Commerce replaced C&F with CFR.
Answer They stand for Teacher of English for No Obvious Reason.
Answer Confirmed A confirmed letter of credit is when a second guarantee is added to the document by another bank. The advising bank, the branch or the correspo…ndent through which the issuing bank routes the letter of credit, adds its undertaking and commitment to pay to the letter of credit. This confirmation means that the seller/beneficiary may also look to the credit worthiness of the confirming bank for payment assurance. Unconfirmed An unconfirmed letter of credit is when the document bears the guarantee of the issuing bank alone. The advising bank merely informs the exporter of the terms and conditions of the letter of credit, without adding its obligation to pay. The exporter assumes the payment risk of the issuing bank, which is typically located in a foreign country. Best regards PMB
The audit procedure for letter of credit ensures the compliance of sanctions and post sanction procedures.
A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment… on the purchase, the bank will be required to cover the full or remaining amount of the purchase.
A castrati Tenor was a Tenor who had been castrated so he would not go through puberty, and would therefore not experience a change in his voice. Repulsive though the practice… may seem to us today, Castrati Tenors were highly prized in the Opera Houses of the Baroque period (approximately 1600 to 1750). Young boy sopranos were hand-picked for selection to be castrated. They could develop into castrati sopranos, altos or tenors, and as they grwe, they would develop more powerful lung power. The Castrati had an extensive vocal range and, because women were forbidden to perform on stage, they could play both masculine and feminine parts in the operas of the time.
Rate of payment of stamp duty is a subject matter of state so it is leaviable accordingly.
1/365 of the Annual Percentage Rate
What is a certificate of analysis in a letter of credit? A document required under L/C requesting to analysis the product and to certify it.
A letter of credit is said to be devolved when the bank has to pay to the seller of the goods when the purchaser is in-default.
Discounting is an archaic term which now refers to the process of forfeiting or factoring the letter of credit
Yes, it must be charged as per local stamp duty act....normaly 0.2% of local bill amount for any usance or d/a bill l/c.