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LSDefine

Simple English definitions for legal terms

usance credit

Read a random definition: very heavy work

A quick definition of usance credit:

Usance credit is a type of letter of credit that allows the beneficiary to receive payment at a later date, usually after a certain period of time has passed. It is a promise made by a bank to pay the beneficiary on behalf of the customer, as long as certain conditions are met. This type of credit is often used in international trade, where the buyer and seller may not be in the same country and need time to complete the transaction.

A more thorough explanation:

Usance credit is a type of letter of credit that allows the beneficiary to receive payment at a later date, usually after a specified period of time. It is also known as a time letter of credit.

For example, if a company in the United States wants to buy goods from a supplier in China, they may use a usance credit to pay for the goods. The supplier ships the goods and presents the necessary documents to the bank, which then pays the supplier. The company in the United States then has a specified period of time to pay back the bank.

Usance credits are commonly used in international trade to provide a way for buyers and sellers to do business without having to pay for goods upfront.

usage | USA Patriot Act

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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