0
letter of credit - credit given by bankers for the purpose of making payment to our suppliers - lc to be opened against our purchases minimum of 30 days & maximum of 180 days - margin money (min 10% max 30%) to be deposited by us. The bankers will release payment to our suppliers on behalf of us. At the time of maturity of lc, the amount which has been paid by banker to be returned to them with interest and margin money which we have deposited at the time of opening lc will be refunded by bank with interest and we can open new lc to the new supplier or existing supplier against our purchase
Still curious? Ask our experts.
Chat with our AI personalities
Vivi
Beau
ProfessorAdd your answer:
Earn +20 pts
What is margin money on letter of credit?
Margin money on a letter of credit is the part of the interest rate that is over the adjustment-index rate. It is the part that is retained as profit by the one doing the lending.
What is the difference between margin trading and credit given by stock brokers?
Credit given by stockbrokers IS margin trading.
Whats is Net credit margin?
Net credit margin is net interest income minus net credit losses, as a percentage of average managed outstanding balances
Buying on credit?
Buying on credit is also called Buying on Margin
Buying stocks on credit is called?
margin
What is margin money on letter of credit?
Margin money on a letter of credit is the part of the interest rate that is over the adjustment-index rate. It is the part that is retained as profit by the one doing the lending.
What is marginal money?
Margin is a line of credit issued to an investor typically from a brokerage firm using other investments held in the account as collateral.
What is the difference between margin trading and credit given by stock brokers?
Credit given by stockbrokers IS margin trading.
Should the date on a business letter be included in the margin?
No, the date on a business letter belongs at the margin, not in the margin.
1920s buying on credit?
Margin
Whats is Net credit margin?
Net credit margin is net interest income minus net credit losses, as a percentage of average managed outstanding balances
Buying on credit?
Buying on credit is also called Buying on Margin
Is the date in a business letter in the margin?
No, the date on a business letter is between the margins within the body of the letter, Place the date at the margin not in the margin itself.
Buying stocks on credit is called?
margin
What is credit margin?
The amount of equity required for an investment in securities purchased on credit.
What are margin requirements?
Margin requirements are the amount of credit granted investors for the purchase of securities, such as shares of stock.
What is another name for buying on credit?
buying on margin
