account party


account party
The customer in a letter of credit transaction.
Synonymous also with "applicant."

Black's law dictionary. . 1990.

Look at other dictionaries:

  • account Party — Party who applies to open a bank for the issuance of a letter of credit. Bloomberg Financial Dictionary …   Financial and business terms

  • Account Party — (Finance) person or party who applies to a bank or requests from other person to issue a letter of credit …   English contemporary dictionary

  • account — A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of… …   Black's law dictionary

  • account of profits — An account of profits may be sought by a plaintiff as an alternative to damages where his intellectual property rights have been prejudiced. This order requires the defendant to hand over the profits from his business due to the infringement of… …   Law dictionary

  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

  • Account Freeze — An action taken by a bank or brokerage that prevents any transactions from occurring in the account. Typically, any open transactions will be cancelled, and checks presented on a frozen account will not be honored. Account freezes can be… …   Investment dictionary

  • party — I (New American Roget s College Thesaurus) I n. organization (see party); social gathering, festivity, reception, dance; participant, accomplice, partner. See sociality, part. II Body of persons Nouns 1. party, faction, side; denomination,… …   English dictionary for students

  • Account Balance — 1. The amount of money in a financial repository, such as a checking account, at any given moment. 2. The total amount of money owed to a third party such as a credit card company, utility company, mortgage banker or other type of lender or… …   Investment dictionary

  • Account In Trust — An account that is managed by one party for the benefit of another. It is sometimes called an account held in trust, and the trust relationship can be either explicit or implied. Accounts in trust are typically set up for minors, and transfer of… …   Investment dictionary

  • Party type information —   Not yet defined. Party types:   Central Bank   Multilateral Development Bank   Other Banks   Customers   Staff   Head Office   Regional Office   Participations   Central Government   Regional Authorities   Giro Institutions   Other Financial… …   International financial encyclopaedia


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