Summary
Summary Alle banking terms
- Course
- Institution
Alle banking terms opgelijst
[Show more]
Seller
Follow
cdw1
Content preview
Bill of exchange Method of payment where the seller prepares a bill in the buyer’sname ordering them to either pay the amount when the bill is
presented, or a specified number of days
Bill of lading Shipping document that gives details of a consignment, its
destination, and the consignee. It entitles the consignee to collect
the goods on arrival
Building societies Type of organization originally set up in the UK to provide
mortgages, but now offering a wide range of services similar to
those offered by commercial banks
Bullion market Market dealing in gold or silver in bars
CAD Cash against documents
A transaction when the agent bank (seller) in the buyer’s country,
presents shipping documents to the buyer and asks him or her to
pay for the shipment before the shipping documents are handed
over to the buyer
Cash card Card issued by a bank or building society to an account holder
that enables him or her to withdraw cash from a cash dispenser
Certificate of origin A document that shows where goods were made
Cheque card Card issued by abank or building society to an account holder
guaranteeing that their cheques will be honoured up to an agreed
limit
Clean bill Bill of exchange without any accompanying documents
Commercial bank Type of bank that deals mainly with private customers and small
companies in domestic and international transactions
Commercial invoice A document that will include the name and address of the seller
and buyer, the terms of delivery and payment and a description
of the goods being sold. There is a standard sitpro document,
which exporters can use
Confirming / advising Bank in a seller’s country that advises the seller that a letter of
bank credit has been issued in their favour, and may also guarantee it
Confirming houses Agency that receives orders from overseas, places them, and
arranges for packing, shipping, and insurance
Consular invoice Invoice, or stamp on a commercial invoice, issued by the
consulate in the importing country which gives permission for
goods to be imported
Counterfoil Part of a cheque or paying-in slip which can be detached and
kept as a record
Credit card Card issued by a bank or finance company, that guarantees
payment for the goods or services the cardholder buys. The
cardholder pays the card issuer at a later date
Credit status Creditworthiness of an individual or company
Credited To record in a bank account a sum of money paid in
D/A Documents against acceptance
When a bank will not release shipping documents until a bill of
exchange has been signed by the person receiving the goods
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller cdw1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $6.40. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
64438 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now