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A buyer's credit is a loan facility extended to an importer by a bank or financial institution to finance the purchase of capital goods or services and other big-ticket items. Buyer’s credit is a very useful mode of financing in international trade, since foreign buyers seldom pay cash for large purchases, while few exporters have the capacity to extend substantial amounts of long-term credit to their buyers. A buyer’s credit facility involves a bank that can extend credit to the importer, as well as an export finance agency based in the exporter's country that guarantees the loan. Export credit is a loan facility extended to an exporter, by a bank, in the exporter's country. Trade credit is the credit extended by a supplier to another for the purchase of goods and services. Trade credit facilitates the purchase of supplies without immediate payment. Trade credit is commonly used by business organizations as a source of short-term financing. Import finance also helps to bridge the gap between the payment and receiving of goods imported. Letter of Credit is one of the forms of import finance which is payment mode used in the International Trade between importer and exporter to cover third-party credit risk. What this means is that if the importer defaults, his bank will have to pay on his behalf. Import finance differs from the Buyers credit as buyers credit is a funding mechanism used by importer to funds his transaction and is a on-balance sheet loan for the bank while letter of credit is an off-balance sheet non-fund based form of financing.
Statement
Only Girls are boy
Some girls are men
No men is women
Conclusion
I. Some boy is women
II. Some...
Statements:
Some songs are guitars.
Only guitars are music.
No song is an instrument.
Conclusions:
I. Some...
Conclusions:
I. All Writers can be Novels.
II. Some Novels are not Magazines.
Statements:
Statements: Some laptop are tablet.
Some tablet are computer.
Conclusions: I. A...
Statements: No book is a pen.
All copies are books.
All books are telephones.
No radio is a telephone.
Conclusions: I...
Statements:All Januarys are Februarys.
No February is March.
All marches are Aprils.
Conclusions:I. some March are not Februarys.
In the following question below are given some statements followed by some conclusions based on those statements. Taking the given statements to be tru...
Statements:
Some bags are trolleys.
All trolleys are luggage.
Some luggage is a warehouse. ...
Statements:
All frames are photos.
No photo is wood.
Only few woods are designs.
Conclusions:
I. A few designs may be...
