Topping-Up Clause Defined

Topping-Up Clause Defined

What Is a Topping-Up Clause? A topping-up clause is a contractual provision commonly found in loans involving more than one currency. It is intended to protect lenders and borrowers from the risk of foreign-currency devaluations. Specifically, topping-up clauses require the borrower to make additional payments to the lender to cover any devaluation in the currency

Time Arbitrage

Time Arbitrage

What Is Time Arbitrage? Time arbitrage refers to an opportunity created when a stock misses its mark and is sold based on a short-term outlook with little change in the long-term prospects of the company. This dip in stock price occurs when a company fails to meet earnings estimates by analysts or its guidance, resulting

Time Banking Definition

Time Banking Definition

What Is Time Banking? Time banking is a system of bartering various services for one another using labor-time as a unit of account which was developed by various socialist thinkers based on the labor theory of value. Labor-time units can be credited to a person’s account in the time bank and redeemed for services from

Time Draft

Time Draft

What Is a Time Draft? A time draft is a form of payment that is guaranteed by an issuing bank but is not payable in full until a specified amount of time after it is received and accepted. Many international trade transactions use drafts as a way to indicate the terms of payment for shipped