BACK-TO-BACK LETTERS OF CREDIT
Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the authentic LC from the purchaser’s bank in place, the merchant goes to his own bank and has a second LC provided, with the subcontractor as recipient. The subcontractor is thus guaranteed of payment upon reaching the conditions of the contract.
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Housing Bubble
A run-up in housing prices fueled by demand, speculation and the belief that recent history is an infallible forecast of the future. Housing bubble ...
Low Exercise Price Option - LEPO
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Callable Security
A security with an enclosed call provision that gives the person who issues to redeem or repurchase the security by a particular period. Since the ...
Shadowing
Shadowing is the creation of values for variables that are not dependent strictly to market value. This means that these variable have market value ...
Pass-Through Rate
Pass-through rate is the net
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| 10:15 | PMI Manufacturing | Dec | |
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| 11:00 | M3 Money Supply | Nov |
