Dictionary definition: irrevocable documentary acceptance credit

Dictionary definition: acceptance credit
A Dictionary of Accounting;      298 words ...acceptance credit A means of financing the sale of goods, particularly in international ... extending credit to a foreign importer whom it deems creditworthy. An acceptance credit is opened against which the exporter can draw a bill of exchange ...

Dictionary definition: London acceptance credit
A Dictionary of Finance and Banking;      305 words ...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 ...

Article: Lend them some luck? Delayed report, suit smack Credit ...
Crain's Detroit Business;  February 2, 1998 ;     700+ words ...Delayed report, suit smack Credit Acceptance The tough times continue for Credit Acceptance Corp. (Nasdaq: CACC). The South field specialty auto-finance company said last Wednesday that its 1997 earnings statement would be delayed because its auditors, Arthur Andersen L.L.P., haven't finished with

Article: "Feds Cut Rate and Traders Cleaning Up In Subprime Mess" - ...
M2 Presswire;  August 17, 2007 ;     700+ words ... ... Minerals Mining Group, Inc., revealed today that an Irrevocable Documentary Credit advice has been received from Wells Fargo HSBC Trade Bank N.A. confirming an Irrevocable Documentary Credit issued by the Bank of Communications, the People ...

Article: KIA INTERTRADE OF AMERICA SIGNS LETTER OF INTENT WITH ...
PR Newswire;  August 31, 1995 ;     623 words ... ... tons of mineral with an option to purchase an additional 500,000 metric tons over two years. KIA will have irrevocable documentary letters of credit in place by November 1, 1995, and will give ECHG 90 days to begin delivery exclusively ...

Article: Thomas Equipment's Tcomt, Inc. Receives $1.96 Million DMB ...
Business Wire;  April 11, 2007 ;     700+ words ... ... Tcomt to deliver goods within defined technical operating specifications. The first order is supported by an irrevocable documentary letter of credit. "We are pleased to have received this initial order," said Mike Luther, Chief Executive ...

Article: Refusal of Documents under Letters of Credit.(court case)
Mondaq Business Briefing;  November 20, 2002 ;     700+ words ... ... unease through the banking community". The Facts The claimant French bank ("CIC") sought payment under an irrevocable documentary letter of credit ("the L/C") issued by the defendant ("CMB"). The L/C, covering a shipment of ...