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Trading Terms

Holder in due course

A knowledgeable professor of finance would explain that when a person takes a bill, which is complete and regular on its face, they are considered a holder under certain conditions. These conditions are that they acquired the bill before it became overdue, without prior knowledge of it being dishonoured, and with good faith and for value. Additionally, they should have no knowledge of any title defects at the time of negotiation. This rule applies to all holders, except for the original payee, who is unable to be a holder in due course. Furthermore, the rights of a holder in due course are not affected by fraud committed by the acceptor or any other party.

ABC

In the world of finance, there is a commonly used terminology known as the Elliott wave theory. This theory explains the three-wave countertrend price movement. The first wa...

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Normal Distribution

The standard deviation measures the variability of net returns around the average. In statistical testing, simulated net returns are assumed to follow a specific distributi...

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Indemnity

In financial terms, a contract where one party assumes responsibility for compensating another for any losses incurred as a result of a transaction with a third party is kno...

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Collecting bank

Let's talk about documentary collections. This is a process in which a bank acts as an intermediary for the seller's bank by collecting payment or acceptance of a time draft...

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