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Basics
of Credit Derivatives
Credit
Derivatives: Market Info and awareness
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Copyright: All materials on this site, unless otherwise specified, are sole intellectual property of Vinod Kothari and their reproduction in any form is a violation of copyright law. |
Credit derivatives terminology
By
Vinod Kothari
Letter
of credit: A form of credit assurance usually granted by
banks whereby the bank issuing the letter of credit agrees to pay to the
beneficiary and then recover the amount paid from its customer.
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