Examlex
The probability of rolling a 3 or 2 on a single die is an example of conditional probability.
United Nations
An international organization founded in 1945 dedicated to maintaining international peace and security, developing friendly relations among nations, and promoting social progress.
Letter of Credit
A financial document issued by a bank guaranteeing the payment of a buyer's obligations to a seller within a specific time frame and under certain conditions.
Buyer's Bank
Buyer's bank refers to the financial institution that represents the purchaser in a transaction, often involved in issuing or confirming payment instruments like letters of credit.
Seller
An individual or entity that offers goods or services in exchange for payment or other compensation.
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