Copyright © Philip M. Parker, INSEAD. Terms of Use.

ACCEPTANCE LETTER OF CREDIT

Specialty Definition: ACCEPTANCE LETTER OF CREDIT

DomainDefinition

Economics

A letter of credit which instead of agreeing to pay the beneficiary immediately upon presentation of documents, requires presentation of a time draft drawn by the beneficiary upon the issuing bank or another bank. However, the beneficiary may, in effect, obtain prompt payment by discounting the draft. (references)

Source: compiled by the editor from various references; see credits.

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Alternative Orthography: ACCEPTANCE LETTER OF CREDIT


Hexadecimal (or equivalents, 770AD-1900s) (references)

41 43 43 45 50 54 41 4E 43 45      4C 45 54 54 45 52      4F 46      43 52 45 44 49 54

Leonardo da Vinci (1452-1519; backwards) (references)

            

Binary Code (1918-1938, probably earlier) (references)

01000001 01000011 01000011 01000101 01010000 01010100 01000001 01001110 01000011 01000101 00100000 01001100 01000101 01010100 01010100 01000101 01010010 00100000 01001111 01000110 00100000 01000011 01010010 01000101 01000100 01001001 01010100

HTML Code (1990) (references)

&#65 &#67 &#67 &#69 &#80 &#84 &#65 &#78 &#67 &#69 &#32 &#76 &#69 &#84 &#84 &#69 &#82 &#32 &#79 &#70 &#32 &#67 &#82 &#69 &#68 &#73 &#84

ISO 10646 (1991-1993) (references)

0041 0043 0043 0045 0050 0054 0041 004E 0043 0045      004C 0045 0054 0054 0045 0052      004F 0046      0043 0052 0045 0044 0049 0054

Encryption (beginner's substitution cypher): (references)

353737395054354837392463954543952249402375239384354

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INDEX

1. Orthography
2. Bibliography


  

Copyright © Philip M. Parker, INSEAD. Terms of Use.