A Bank Guarantee Payable at First Request Is One in Which

question 51

True/False

A bank guarantee payable at first request is one in which the beneficiary does not have to provide any evidence that the terms of the underlying contract between the contractor and the beneficiary have not been met.

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Definitions:

Convertible Bond

A type of bond that can be converted into a predetermined number of the issuer's equity shares at certain times during its life, usually at the discretion of the bondholder.

Dow Jones Industrial Average

An index that represents the stock performance of 30 large, publicly-owned companies based in the United States.

Price-Weighted

A stock market index calculation method where stocks are weighted according to their price per share, rather than their total market capitalization.

Divisor

A numeric factor used in calculations to adjust stock indexes, reflecting changes in the composition of the index without affecting its overall value.