A letter of credit forwarded to the beneficiary by the advising bank without engagement on the part of the advising bank.


Related Terms

HORIZONTAL BOILER

A water-tube boiler having a main bank of straight tubes inclined toward the rear at an angle of 5 to 15 from the horizontal.

BANK

A large area of elevated sea floor.

LEFT BANK

The bank of a stream or river on the left of an observer facing downstream

LEVEE

1. An artificial bank confining a stream channel or limiting adjacent areas subject to flooding. 2. on the sea floor, an embankment bordering a canyon, valley, or sea channel

BANK CUSHION

In a restricted channel, especially one with steep banks, bank cushion tends to force the bow away from the bank due to the increase in the bow wave on the near side

BANK SUCTION

The bodily movement of a ship toward the near bank due to a decrease in pressure as a result of increased velocity of flow of water past the hull in a restricted channel

DAM

A barrier to check or confine anything in motion; particularly a bank of earth, masonry, etc., across a watercourse to keep back moving water

DIKE

A bank of earth or stone used to form a barrier, which restrains water outside of an area that is normally flooded.

MUD OR LOWER DRUM

A pressure chamber of a drum or header type located at the lower extremity of a water- tube boiler convection bank which is normally provided with a blowoff valve for periodic blowing off of sediment collecting in the bottom of the drum.

RIGHT BANK

The bank of a stream or river on the right of the observer when he is facing in the direction of flow, or downstream.

Related questions

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