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Business English Exercises
 

The ICCUCPDC

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Home > Teaching Business English > Business English Lessons, Advanced Level # 436
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the iccucpdc question 1
The International Chamber of Commerce Uniform Customs and Practice for Documentary Credits ......... all letters of credit for international transactions.


the iccucpdc, answer 1 the iccucpdc, financial words conforms, warrants, deal, distinct, payee, governs vs issues vs monitors

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the iccucpdc question 2
The general definitions and provisions of the ICCUCPDC are ......... on all parties.


the iccucpdc, answer 2 insurance vocabulary adversarial, reciprocation, iterative, binding vs constricting vs demanding vs limiting

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the iccucpdc question 3
A commercial letter of credit is a contractual agreement between an issuing bank, on behalf of its customer, ......... a confirming or advising bank to pay a beneficiary.


the iccucpdc, answer 3 business words flawed, fly, systemic, swings, taken, authorizing vs certifying vs requiring vs validating

501 Business English Exercises — Printable, photocopiable.
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the iccucpdc question 4
At the request of its customer, the issuing bank ......... the letter of credit.


the iccucpdc, answer 4 banking term list real estate, master, joint, discount, crash of, clears vs opens vs releases vs sends

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the iccucpdc question 5
With this, the issuing bank is making a commitment to ......... all drawings made under the letter.


the iccucpdc, answer 5 currency vocab ex-legal, cusip, warranty, instruments, esteem vs favor vs honor vs respect

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the iccucpdc question 6
In essence, the issuing bank is replacing its customer as the ..........


the iccucpdc, answer 6 the iccucpdc, law estate terms performance, ordinary, conduits, relief, buyer vs client vs debtor vs payee

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the iccucpdc question 7
A letter of credit is a separate and ......... transaction from the contract that it is based on.


the iccucpdc, answer 7 ipos terminology dax, arbitrage, turnover, straight, rollover, discreet vs discrete vs distinct vs distinctive

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the iccucpdc question 8
All parties ......... in documents and not in goods; the issuing bank is not liable for performance of the underlying contract between the customer and beneficiary.


the iccucpdc, answer 8 brokerages term clearance, nonperiodic, bounced, credit, arm length, deal vs negotiate vs share vs transact

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the iccucpdc question 9
The beneficiary, when requesting payment, ......... that it has complied with all conditions of the agreement.


the iccucpdc, answer 9 dividends words compromised, woefully, latched, slick, assures vs ensures vs waives vs warrants

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the iccucpdc question 10
The bank must pay the seller if the latter ......... to the letter of credit.


the iccucpdc, answer 10 business vocabulary envisaged, blurring, bolster, promotions, accommodates vs accords vs complies vs conforms

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
You will be exposed to a wealth of authentic sample sentences that include a great variety of themes. This compact Business English Test Package is the only printable English test collection currently available on the Internet. It contains 501 Business English Exercises (10 questions per test plus answer keys).  Get your unique Business English Practice Exercises now!

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Financial words conforms, warrants, deal, distinct, payee

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