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Dictionary definition: London acceptance credit
- Article from:
- A Dictionary of Finance and Banking
Copyright© A Dictionary of Finance and Banking 1997, originally published by Oxford University Press 1997. (Hide copyright information)
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London acceptance credit
A method of providing immediate cash for a UK exporter of goods. On shipment of the goods the exporter draws a
bill of exchange
on the foreign buyer. The accepted bill is then pledged to a
merchant bank
in London, which ...
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Article: ASIA OFFERS CARD ISSUERS REWARDS BUT A LOT OF RISK.(Brief ...
Cardline;
February 13, 2004 ;
700+ words
... ... cards in Asian to consider delinquency pricing. With delinquency pricing, card issuers place less importance on pre-acceptance credit scoring. The issuer accepts the customer on the basis that if he defaults or becomes delinquent, his entire card balance ...
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