ADVISING BANK Definition

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ADVISING BANK is a bank in the exporters country handling a letter of credit.

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EXPOSURE, generally, is the extent to which a product is kept in the public eye through the press, radio, television, and public appearances. In finance, exposure refers to the amount that a business or person can lose. For example: in foreign exchange, it refers to the degree to which a company is affected by exchange rate changes.

SOLVENCY is a companys long-term ability to meet all financial obligations.

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