- account party
- The customer in a letter of credit transaction.Synonymous also with "applicant."
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
account party
Look at other dictionaries:
account Party — Party who applies to open a bank for the issuance of a letter of credit. Bloomberg Financial Dictionary … Financial and business terms
Account Party — (Finance) person or party who applies to a bank or requests from other person to issue a letter of credit … English contemporary dictionary
account party — The customer in a letter of credit transaction. Synonymous also with applicant … Black's law dictionary
account — A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of… … Black's law dictionary
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account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you … Financial and business terms
Account Freeze — An action taken by a bank or brokerage that prevents any transactions from occurring in the account. Typically, any open transactions will be cancelled, and checks presented on a frozen account will not be honored. Account freezes can be… … Investment dictionary
party — I (New American Roget s College Thesaurus) I n. organization (see party); social gathering, festivity, reception, dance; participant, accomplice, partner. See sociality, part. II Body of persons Nouns 1. party, faction, side; denomination,… … English dictionary for students
Account Balance — 1. The amount of money in a financial repository, such as a checking account, at any given moment. 2. The total amount of money owed to a third party such as a credit card company, utility company, mortgage banker or other type of lender or… … Investment dictionary
