Viva An extender clause is a clause added to a contract that extends the time frame in which the parties have to complete the contract. This is often used in real estate contracts to extend the time frame in which the buyer has to complete the purchase of the property. What do contingency clauses do? A … Read more
What is a Term of Trade (TOT)? How is a Term of Trade (TOT) Used as an Indicator? What are the Factors that Affect a Term of Trade (TOT)? Where does the word tot come from? The word “tot” is derived from the Old English word “tott,” meaning “small amount.” This word likely came into … Read more
The if-converted method is a way of valuing a convertible security, such as a bond or preferred stock, that takes into account the possibility that the security may be converted into another form, such as common stock. The method is used to calculate the value of the security as if it were converted into the … Read more
A documentary letter of credit is a type of letter of credit that requires the presentation of documents proving that the seller has fulfilled their obligations in order for the buyer to receive payment. A fully funded documentary letter of credit is a letter of credit that is backed by funds that have been deposited … Read more
