See Also: exheredation(dictionary)
EXHEREDATION, civil law(law)
finance(2)(dictionary)
FINANCE(finance)
finance(1)(dictionary)
finance(encyclopedia)
BMW Finance N.V.(finance)
Finance(money)
Structured finance(finance)
Internal finance(finance)

Letter of Guarantee (finance) and exheredation (iou)


Letter of Guarantee (finance)


A letter from a bank to a brokerage firm which states that a customer (who has written a call option) does indeed own the underlying stock and the bank will guarantee delivery if the call is assigned.





exheredation (iou)



exheredation noun. LME.
[Latin exheredatio(n-), formed as EXHEREDATE: see -ATION. Cf. next.]
Disinheritance; an instance of this.