some terminology
This query is : Resolved
03 April 2009
pls give some terminology related to bank......
1.TERM LOAN
2.CASH CREDIT
3.OVERDRAFT
4.DEMAND LOAN
5.BRIDGE LOAN
6.PACKING CREDIT
7.LETTER OF CREDIT
8.BANK GUARANTEE
1.TERM LOAN
2.CASH CREDIT
3.OVERDRAFT
4.DEMAND LOAN
5.BRIDGE LOAN
6.PACKING CREDIT
7.LETTER OF CREDIT
8.BANK GUARANTEE
03 April 2009
Inland letter of credit. (ILC)
Foreign letter of credit (FLC)
Performance bank guarntee
Bank guarantee in lieu of EMD.
House loan
Educational loan
Foreign letter of credit (FLC)
Performance bank guarntee
Bank guarantee in lieu of EMD.
House loan
Educational loan
03 April 2009
term loan : A loan from a bank for a specific amount that has a specified repayment schedule and a floating interest rate. Term loans almost always mature between one and 10 years.
cash credit : A short-term cash loan to a company.
overdraft : The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation.
demand loan : The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation.
bridge loan : Short-term financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. also called swing loan or bridge financing
letter of credit : L/C. A binding document that a buyer can request from his bank in order to guarantee that the payment for goods will be tranferred to the seller. Basically, a letter of credit gives the seller reassurance that he will receive the payment for the goods. In order for the payment to occur, the seller has to present the bank with the necessary shipping documents confirming the shipment of goods within a given time frame. It is often used in international trade to eliminate risks such as unfamiliarity with the foreign country, customs, or political instability.
bank guarantee : A type of guarantee in which a bank or other lending organization promises to repay the liabilities of a debtor in the event that the debtor is unable to.
cash credit : A short-term cash loan to a company.
overdraft : The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation.
demand loan : The amount by which withdrawals exceed deposits, or the extension of credit by a lending institution to allow for such a situation.
bridge loan : Short-term financing which is expected to be paid back relatively quickly, such as by a subsequent longer-term loan. also called swing loan or bridge financing
letter of credit : L/C. A binding document that a buyer can request from his bank in order to guarantee that the payment for goods will be tranferred to the seller. Basically, a letter of credit gives the seller reassurance that he will receive the payment for the goods. In order for the payment to occur, the seller has to present the bank with the necessary shipping documents confirming the shipment of goods within a given time frame. It is often used in international trade to eliminate risks such as unfamiliarity with the foreign country, customs, or political instability.
bank guarantee : A type of guarantee in which a bank or other lending organization promises to repay the liabilities of a debtor in the event that the debtor is unable to.
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