Search Results for: ILL

bill of credit

bill of credit. 1. Legal tender in the form of paper, issued by a state and involving the faith of the state, designed to circulate as money in the ordinary uses of business. U.S. Const. art. I, § 10. [Cases: States 145. C.J.S. States § 251.] 2. LETTER OF CREDIT.

bill of credit Read More »

lost bill of exchange,cheque,or promissory note

lost bill of exchange,cheque,or promissory note 〈英〉遗失的汇票、支票或本票 根据1882年《汇票法》〔Bills of Exchange Act〕的规定,如果汇票、支票或本票在到期日前遗失,持票人可向出票人要求交付另一张同样期限的汇票、支票或本票,如经要求,应对出票人保证在所称遗失的汇票、支票或本票重新发现时向其作出赔偿。该法第70条规定,关于汇票、支票或本票的任何诉讼或程序中,只要向其他对该票据主张权利的人提供了使法庭满意的保证,法庭可以命令对该票据不予挂失。

lost bill of exchange,cheque,or promissory note Read More »

plain vanilla swap

A typical interest-rate swap that involves one counterparty’s paying a fixed interest rate while the other assumes a floating interest rate based on the amount of the principal of the underlying debt. • The underlying debt, called the “notional” amount of the swap, does not change hands — only the interest payments are exchanged. —

plain vanilla swap Read More »

Scroll to Top