000			02359nam a2200217Ia 4500
003			NULRC
005			20250520094817.0
008			250520s9999 xx 000 0 und d
040			_cNULRC
050			_aHG 3751 .H37 1974
100			_aHarfield, Henry _eauthor
245		0	_aBank credits and acceptances / _cHenry Harfield
250			_aFIFTH EDITION
260			_aNew York : _bRonald Press Company, _cc1974
300			_axi, 363 pages : _billustrations ; _c23 cm.
504			_aIncludes bibliographical references and index.
505			_a1. Bank Credits -- 2. The Trade Transaction -- 3. Definition and Classification -- 4. Documentation Normally Required -- 5. The Bank's Duty to Examine Documents -- 6. Interim Dealings with the Goods -- 7. Incidents of improper performance -- 8. Acceptance -- 9. Creation of Acceptance Credit -- 10. Financing Intangibles, Acceptance, Guaranties, and Performance bond's -- 11. Assignments and Transfers -- 12. The Importance of Uniformity -- 13. Standardization of Procedures -- 14. Insolvency of using Banks -- 15. Accounting and regulation -- 16. The Role of Bank credits and Acceptances.
520			_aIn recent years, there has been a renascence of imagination in the use of bank credit. A limited range of goods no longer defines the inventory of transactions appropriate for bank financing; bankers' acceptances and letters of credit are used to facilitate an infinite variety of activities. The benefits are evident, but not gratuitous. Adaptation of these venerable instruments to twentieth century economies requires care as well as creativity. Letters of credit are traditionally catalogued according to the purpose for which they are used: import, export, domestic shipment, warehouse and, latterly, performance, guaranty, or stand-by. The convenience of this argotic nomenclature may outweigh its lack of precision, but it distracts attention from the principles of law and sound practice that underlie both the classic and the contemporary bank credit. Dangerous at any time, such inattention may be especially costly in current circumstances. As bank credit is deployed over unfamiliar ground, the risk of confusion is magnified, and where confusion exists, loss is predictable, for confusion is seldom rectified unless the stimulus of loss is present.
650			_aBANK CREDITS
942			_2lcc _cBK
999			_c3192 _d3192