TERMIUM Plus®

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BILL CREDIT [2 records]

Record 1 2014-05-15

English

Subject field(s)
  • Negotiable Instruments (Commercial Law)
  • Banking
  • Accounting
DEF

The promissory note of a government designed to circulate as money.

CONT

Bill of credit. Written request by a party (an account holder or merchant) to another (a bank or merchant) to give the bearer a specified sum (or amount of goods), either from the funds of the first party held by the second party or from the credit advanced by the second party.

French

Domaine(s)
  • Effets de commerce (Droit)
  • Banque
  • Comptabilité
DEF

Mode de paiement utilisé par les collectivités publiques, qui consiste à payer leurs créanciers au moyen de traites ou d'effets négociables sur le Trésor.

Spanish

Save record 1

Record 2 1999-09-27

English

Subject field(s)
  • Banking
  • Loans
  • Foreign Trade
DEF

A line of credit extended by a bank in order to finance imports or exports.

OBS

Related terms: acceptance financing, acceptance house.

Key term(s)
  • paper credit
  • bill credit

French

Domaine(s)
  • Banque
  • Prêts et emprunts
  • Commerce extérieur

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
  • Préstamos
  • Comercio exterior
DEF

Modalidad crediticia que se usa en aquellos casos en que el importador desea tener un tiempo prudencial para pagar el valor de las mercancías compradas, por ejemplo, 120 días a partir de la fecha de embarque o de presentación de los documentos. El crédito de aceptación permite al exportador girar una o más letras, a cargo del banco emisor, o de un banco distinto las cuales le serán pagadas al vencimiento de tales instrumentos.

CONT

[...] mediante el crédito de aceptación, las letras giradas por una empresa, por ejemplo un exportador, son aceptadas por una financiera a banco de aceptaciones [...].

Save record 2

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