Abusive Draw
From Open Risk Manual
Revision as of 23:00, 10 February 2020 by Wiki admin (talk | contribs) (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")
Definition
Abusive Draw. It is a drawing on a standby letter of credit when no violation of the underlying contract has occurred.