Non–recourse loan is a type of loan secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral but cannot seek out the borrower…
Non Recourse Loan
Bank Guarantees
Bank Guarantee is a useful financial instrument that enables companies to grow their existing business by making a bid on transactions. There are various instruments it can …
Letter of Credit
The standby letter of credit has gained a lot of popularity for the purposes of international trade. It provides an assurance or a guarantee that the party will get the payment no matter…
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