Definition
In documentary credit, usually the beneficiary's bank which agrees to pay the beneficiary by purchasing a negotiable instrument (importer's or buyer's draft). Also called accrediting party.
Related Articles
- Introduction to Bonds *
- International Stocks *
- Understanding Wills and Trusts *
- The Difference between Financial Advisors and Financial Analysts *
- Fees and Expenses *
- Understanding Disability and Long Term Care Insurance Policies *
- Introduction to Credit and How to Take Control of It *
- All ETFs Are Not Equal *
Related Videos
http://www.businessdictionary.com/definition/negotiating-bank.html
