Across
- 2. an official certificate evidencing the failure to pay
- 5. the advancing or agreeing to advance funds to a seller once he presents the right documents
- 7. the bank is the one which delivers the L/C to the seller
- 12. when the holder is not paid, he should pursue the right of
- 13. the seller in whose favor the credit is issued
- 14. sb. who is paid in bill of exchange
- 15. a demand to pay or accept the bill of exchange
- 16. most L/Cs are ones.
- 18. a bill of exchange drawn on a bank payable on demand
- 19. sth showing differences, mismatch, or failure to comply with
- 20. draft is paid immediately on presentation to the drawee
Down
- 1. L/C is a definite of the issuing bank to pay
- 3. note is a promise to pay
- 4. signing the back of the draft to transfer rights
- 6. on the date of draft, sufficient payment is paid
- 8. an agreement made by the drawee to pay in the future
- 9. a bill of exchange is an order
- 10. bill of exchange
- 11. the process in which the L/C terms are modified
- 17. to show a definite undertaking of paying by a nominated bank
