Meaning Cash Cover
What does Cash Cover mean? Here you find 3 meanings of the word Cash Cover. You can also add a definition of Cash Cover yourself
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Cash CoverIn a letter of credit transaction, money deposited by the applicant with the issuing bank.
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Cash CoverAn amount deposited by an Applicant with an Issuing Bank or by an account party with the bank issuing a Demand Guarantee in respect of the Contingent Liability of the Issuing Bank or the bank issuing the Demand Guarantee (as applicable) under the Letter of Credit or Demand Guarantee (as applicable).
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Cash Cover The ratio of cash generated in a business before senior debt payments to senior debt cash and interest payments due.
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| << Bid rate | Certificate of Acceptance >> |
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