Bank Letter of Credit Policy

Definition:

Standards allowing banks to confirm letters of credit by foreign banks supporting the purchase of US exports.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Financial meltdown

Refers to events like steep fall in stock markets, decline in asset values, corporate losses etc. that hurt the economy and lead to losses for investors.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio