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Usance letter of credit

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Usance Letter of Credit
A letter of credit payable at a determined future date after presentation of conforming documents.
Unseasoned issue
Issue of a security for which there is no existing market. See: Seasoned issue.

 


See: Usance Letter of Credit.
Time to maturity
The time remaining until a financial contract expires. Also called time until expiration.
Time order ...

Time Letter of Credit See: Usance Letter of Credit. Time to maturity The time remaining until a financial contract expires. Also called time until expiration.

See also: Unsystematic risk, Trading desk, Unwind, Withholding, Bills

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