A bank guarantee provides a secure promise of compensation of a set amount in the event that a seller does not meet delivery terms or other provisions in the contract.
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A letter of credit simply defined as a written instrument that is provided by the bank at the request of its customers, the buyer, whereby the bank...
Trade finance is the method exporters and importers of commodities and goods use to finance their business deals. A trade transaction requires a seller of goods and services as well as a buyer. Trade Finance allows you to handle your international transactions quickly and efficiently. There are various intermediaries like financial institutions and banks that…
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Usance refers to the utilization of economic goods to satisfy needs. In manufacturing, "usance" means "inputs." It is used in "usance bills." This terminology is used in banks in India, when dealing with forex.
There was a time when brands took to advertising themselves via an ad agency. They had fixed slots on television, ads went to newspapers and hoardings would be setup. But as time progressed advertisin...
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