PPB: Concepts and Practice · Part B: Functions of Banks

Chapter 15: Indemnity, guarantees, letters of credit and bills

Promises to answer for another’s loss or debt, and the paper banks use to make trade pay on time.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 15.1Indemnity and guaranteep. 199
• 15.2The surety: rights and dischargep. 200
• 15.3Bank guaranteesp. 201
• 15.4Letters of creditp. 202
• 15.5Bills, and TReDSp. 203
• Exam traps and quick checksp. 204
• Practice: 16 questions in three roundsp. 205
• Answers, with every wrong option explainedp. 207
• Make it stickp. 209
• Chapter 15 on one pagep. 210

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.