Confirming house

Politics, current affairs, sociology, economics

Confirming house

Olinguito
Nirvana
Joined: April 21st, 2014, 12:08 pm

May 16th, 2014, 10:03 am #1

I have just read about confirming house in The Penguin Dictionary of Economics.

Did you know? In the UK a confirming house acts on behalf of overseas buyers of domestic goods, arranging for them the purchase and export of such goods.
Bassaricyon neblina
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shyian
Medieval Times
shyian
Medieval Times
Joined: September 8th, 2008, 4:04 pm

June 4th, 2014, 9:17 am #2

Did you know? In international trade, a commercial or merchant bank can extend to an overseas buyer credit against which a bill of exchange can be drawn.

I have just about acceptance credit in the Oxford Dictionary of Accounting. B)
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Olinguito
Nirvana
Joined: April 21st, 2014, 12:08 pm

June 4th, 2014, 9:24 am #3

Did you know? There are two types of acceptance credit, confirmed and unconfirmed – Wikipedia. ;)
Bassaricyon neblina
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shyian
Medieval Times
shyian
Medieval Times
Joined: September 8th, 2008, 4:04 pm

July 16th, 2017, 7:42 pm #4

On my way to work last Thursday, I read about credit in the Collins Gem Business Studies Basic Facts.

Did you know? Loans and overdrafts are forms of credit provided by banks for customers, the cost thereof being the interest that must be paid along with the debt.
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Olinguito
Nirvana
Joined: April 21st, 2014, 12:08 pm

July 16th, 2017, 7:47 pm #5

Did you know? The Consumer Credit Act (1974) stipulates that if people sign a credit agreement at home, they have up to twelve days to change their mind before it applies to them.
Bassaricyon neblina
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shyian
Medieval Times
shyian
Medieval Times
Joined: September 8th, 2008, 4:04 pm

July 23rd, 2017, 4:52 pm #6



Did you know? Curtailing the availability of credit is one of the measures that may be implemented to curb spending in times of inflation.
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Olinguito
Nirvana
Joined: April 21st, 2014, 12:08 pm

July 23rd, 2017, 4:55 pm #7

Did you know? At such times, the government may raise interest rates to discourage borrowing.
Bassaricyon neblina
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