ADVISING BANK Definition

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

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SCELLINI is a currency of Somalia.

PRIVATE EQUITY is equity securities of unlisted (non-publicly traded) companies. Private equities are generally illiquid and thought of as a long-term investment. Private equity investments are not subject to the same high level of government regulation as stock offerings to the general public. Private equity is also far less liquid than publicly traded stock.

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