The court order which makes the Plan of Reorganization binding in a Chapter 11, 12 or 13 bankruptcy case. Chapter 11, 12 or 13 bankruptcy case. bankruptcy case.

The person or company due payment in the letter of credit. Usually the exporter (seller). exporter (seller). exporter (seller).

The seller can instruct the buyer to make provisions for a letter of credit to be confirmed. A confirming bank adds its own irrevocable undertaking to that of the issuing bank. issuing bank. issuing bank.

A financing instrument issued by a bank in favor of an exporter that substitutes the bank's creditworthiness for that of the importer. instrument issued by a bank in favor of an exporter that substitutes the bank's creditworthiness for that of the importer. exporter that substitutes the bank's creditworthiness for that of the importer.

Quality belonging to a document to transfer ownership of money, goods, or other items of value specified in the document by endorsement and/or delivery of the document. money, goods, or other items of value specified in the document by endorsement and/or delivery of the document. money, goods, or other items of value specified in the document by endorsement and/or delivery of the document.

Negotiation of a draft, or other negotiable instrument, or letter of credit documents without the normal warranty on the part of the seller of the instrument/documents that the obligor named in the instrument (the "drawee," "payor," or "maker") will pay. n of a draft, or other negotiable instrument, or letter of credit documents without the normal warranty on the part of the seller of the instrument/documents that the obligor named in the instrument (the "drawee," "payor," or "maker") will pay.

(See Insolvency.)

The person or company that sells or arranges to transport goods out of a country.

Also known as the opening bank. It issues its commitment to the seller in the form of a letter of credit.

A medium of exchange; coined or stamped currency.

A negotiable instrument that calls for payment of money . The drawer (or seller) orders in writing for the drawee (or buyer) to pay a specific amount of money to the drawer on a certain date. Also called a bill of exchange.

The person, company, or bank upon which a draft is drawn.

The transfer of a negotiable instrument in such form that the transferee becomes a holder.

Under the Balance Sheet definition of insolvent in the U.S. Bankruptcy Code, a debtor is insolvent when the value of a debtor's assets is exceeded by the debtor's liabilities. Balance Sheet definition of insolvent in the U.S. Bankruptcy Code, a debtor is insolvent when the value of a debtor's assets is exceeded by the debtor's liabilities.

The account party's bank that issues or opens the credit.

(See Draft.)

The person, company, or bank upon which a draft is drawn.

The person, company, or bank that creates the draft and receives payment.

A negotiable instrument that calls for payment of money. The drawer (or seller) orders in writing for the drawee (or buyer) to pay a specific amount of money to the drawer on a certain date. Also called a bill of exchange.

The party to which the rights under a transferable letter of credit are transferred.

(See Insolvency.)

A process set forth by the Bankruptcy Code that allows a debtor to operate the business as a 'debtor in possession" with the protection of the "automatic stay."

The person or company that sells or arranges to transport goods out of a country.

Also known as the opening bank. It issues its commitment to the seller in the form of a letter of credit.

A right to the payment of money such as agency notes, commercial paper, T-Bills, certificates of deposit (CD's), banker's acceptances and repurchase agreements.

Writing one's name upon paper for the purpose of transferring the title.

A medium of exchange; coined or stamped currency.

A financial statement listing the assets, liabilities and owner's equity of a business entity as of a specific date.

or business entity that owes money.

or business entity that owes money.

The unsecured promissory notes of large, financially sound corporations.

The exclusive rights, powers, privileges and immunities to property, real and personal, tangible and intangible.