Discrepancy

Definition:

Any deviation from the conditions stipulated in a letters of credit. Discrepancies void letter of credit protection.

Investing Essentials


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

Term of the Day

Managed float

Also known as "dirty" float, this is a system of floating exchange rates with central bank intervention to reduce currency fluctuations.

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


Create your free portfolio