News
Line of Credit (LOC)
What Is a Line of Credit (LOC)? A line of credit (LOC) is a preset borrowing limit that can be used at any time. The borrower can take money out as needed...
16.11.2020
14.11.2020
What Is a Private Placement?
What Is a Private Placement? A private placement is a sale of stock shares or bonds to pre-selected investors and institutions rather than on the open market. It is an alternative to an...
14.11.2020
Eurobond
What Is a Eurobond? A Eurobond is a debt instrument that’s denominated in a currency other than the home currency of the country or market in which it is issued. Eurobonds are...
14.11.2020
Euroclear
What Is Euroclear? Euroclear is one of two principal securities clearing houses in the Eurozone. Euroclear specializes in verifying information supplied by brokers involved in a securities transaction and the settlement of...
9.11.2020
Irrevocable Letter of Credit (ILOC)
What Is an Irrevocable Letter of Credit (ILOC)? An irrevocable letter of credit (ILOC) is an official correspondence from a bank that guarantees payment for goods or services being purchased by the...
9.11.2020
Bank Confirmation Letter (BCL)
What Is a Bank Confirmation Letter (BCL)? A bank confirmation letter (BCL) is a letter from a bank or financial institution confirming the existence of a loan or a line of credit...
9.11.2020
What Is a Bank?
A bank is a financial institution licensed to receive deposits and make loans. Banks may also provide financial services such as wealth management, currency exchange, and safe deposit boxes. There are several...
8.11.2020
Letter of Credit
What Is a Letter of Credit? A letter of credit, or “credit letter” is a letter from a bank guaranteeing that a buyer’s payment to a seller will be received on time...
8.11.2020
Top Financial Advisor Scams and How to Avoid Them
Bernie Madoff, the once highly regarded investment advisor turned Ponzi swindler, exemplifies the dark underbelly of the financial advisor field. At first, Madoff appeared to be the perfect financial professional for his...
8.11.2020
M1
What Is M1? M1 is the money supply that is composed of physical currency and coin, demand deposits, travelers’ checks, other checkable deposits, and negotiable order of withdrawal (NOW) accounts. M1 includes...