Language Bankers – A Delicate Matter
Decipher some of the terms to continue could show off with 'catchy little word': Commercial Loan – funds that are granted to enterprises to supplement the temporary lack of working capital arising in the process of reproduction and investment in fixed capital for expansion, buying up companies, etc. Restrictive endorsement – a form of endorsement, under which prohibits the further transfer bills of exchange or promissory note shall be referred for collection, for example, a bank which acts as an authorized maker to receive payment on the bill. For Acting. Breakage is an endorsement, ie, when the bill transferred to the provision of any requirement (bank loans, etc.). Recipient of a bill on security endorsement shall exercise all rights under the bill, but he can pass it for encashment. Guaranteed Loan – credit provided by some industrial and commercial enterprises other surety (guarantee) the bank or the state on behalf of governmental bodies and agencies. Demonetization of gold – gold deprivation of his role Monetary metal.
Aval – aval. Person who carries A. (guarantor) assumes the responsibility for fulfilling some of the persons obligated on the instrument: the acceptor, drawer, endorser (See notes). Issued or guaranteed by va inscription backer on the instrument or an additional sheet (see Allonge), or the issuance of a separate document. The scope and nature of responsibility backer corresponds to the volume and nature responsibility of the person for whom issued to A. backer who paid the bill, has the right to claim payment from the person for whom he has given va, as well as the persons responsible to the latter. A. increases the reliability of the bills, and so way promotes circulation of bills.