TERMIUM Plus®

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UNCONFIRMED CREDIT [4 records]

Record 1 2026-01-08

English

Subject field(s)
  • Foreign Trade
  • Loans

French

Domaine(s)
  • Commerce extérieur
  • Prêts et emprunts

Spanish

Campo(s) temático(s)
  • Comercio exterior
  • Préstamos
Save record 1

Record 2 2003-05-26

English

Subject field(s)
  • Negotiable Instruments (Commercial Law)
  • Banking
  • Trade
CONT

When a correspondent bank located in the country of the exporter confirms a letter of credit to the exporter by obligating itself to pay or accept his drafts, the instrument is called a confirmed letter of credit .... An unconfirmed letter of credit does not give the exporter this additional security. Exporters insist on confirmed letters of credit when the foreign issuing bank is not well known.

French

Domaine(s)
  • Effets de commerce (Droit)
  • Banque
  • Commerce

Spanish

Campo(s) temático(s)
  • Instrumentos negociables (Derecho mercantil)
  • Operaciones bancarias
  • Comercio
Save record 2

Record 3 2003-04-11

English

Subject field(s)
  • Banking
  • Loans
DEF

A credit which can be amended or revoked at any time by any of the parties to a credit.

French

Domaine(s)
  • Banque
  • Prêts et emprunts
CONT

Par un tel crédit essentiellement révocable, l'engagement du banquier ne confère à celui envers qui il est pris qu'une faculté éminemment fragile et incertaine pour son exécution, puisqu'il peut y être mis fin.

CONT

Le crédit documentaire peut être émis sans aucun engagement de banque (crédit révocable) et ne comporte alors aucune promesse ferme de payer, accepter ou négocier.

Spanish

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

Crédito que ofrece al ordenante la posibilidad de modificar o cancelar el crédito en el momento que lo desee, sin que el banco pueda negarse a aceptar su petición y sin que al beneficiario le quepa recurso alguno por el hecho de la modificación. Es más, el banco ni siquiera está obligado a avisarle al beneficiario de las determinaciones del ordenante en uno u otro sentido y si comúnmente lo hace es a título de simple servicio, pero en ningún caso como obligación contractual.

Save record 3

Record 4 1999-10-08

English

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

One which has not been confirmed by the bank issuing it.

OBS

The opposite of "confirmed credit".

French

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

Spanish

Campo(s) temático(s)
  • Operaciones bancarias
  • Préstamos
  • Comercio exterior
Save record 4

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