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Letter B

  • Bills of exchange

    According to legal theory, a bill of exchange is defined as a security fulfilling requirements exactly defined by law, in particular an unconditional obligation or order of the issuer to pay a determined financial amount at a certain time, at a certain place, and ensuring its lawful holder the right to require this fulfilment from the person who signed the bill of exchange.

  • Bills of lading

    Under the terms of a freight transportation contract, the carrier may be obliged to issue the sender a bill of lading upon accepting the consignment. A bill of lading is a document evidencing the right to demand that the carrier issue the consignment in accordance with the provisions of this document.

  • Bond

    A bond is a security connected with the holder’s right to demand the payment of a due amount in the nominal value and the payout of returns ensuing from it as at a certain date.

  • Bond at a discount

    Is sold for a price lower than its nominal value.

  • Bond at a premium

    Is sold for a price higher than its nominal value.

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