Difference between revisions of "Abusive Draw"

From Open Risk Manual
(Created page with "== Definition == '''Abusive Draw'''. It is a drawing on a standby letter of credit when no violation of the underlying contract has occurred. Category:Supply Chain Finance")
 
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Latest revision as of 23:00, 10 February 2020

Definition

Abusive Draw. It is a drawing on a standby letter of credit when no violation of the underlying contract has occurred.