revocable credit

简明释义

可撤销的信用证

英英释义

例句

1.Many businesses prefer revocable credit for its flexibility in managing cash flow.

许多企业更喜欢可撤销信用，因为它在管理现金流方面具有灵活性。

2.Using a revocable credit can be risky for suppliers since the buyer can cancel it at any moment.

使用可撤销信用对供应商来说可能是有风险的，因为买方可以随时取消。

3.The contract stipulated that the payment would be made via a revocable credit until the goods were delivered.

合同规定，货物交付之前将通过可撤销信用进行付款。

4.The seller was hesitant to accept a revocable credit due to the potential for cancellation.

卖方对接受可撤销信用持谨慎态度，因为存在被取消的可能性。

5.The bank issued a revocable credit to the exporter, allowing them to withdraw funds at any time.

银行向出口商发放了一种可撤销信用，允许他们随时提取资金。

作文

In the world of finance and trade, various instruments are utilized to facilitate transactions and ensure security for both parties involved. One such instrument is a letter of credit, which serves as a guarantee from a bank on behalf of a buyer. Within this framework, a specific type of letter of credit known as revocable credit plays a crucial role. A revocable credit (可撤销信用证) allows the buyer to modify or cancel the credit at any point before the payment is made. This flexibility can be advantageous in certain situations, but it also carries risks that both buyers and sellers must carefully consider.To understand the implications of a revocable credit, it is essential to first grasp how letters of credit function. When a buyer and seller agree on a transaction, the buyer often seeks to assure the seller they will receive payment upon fulfilling their part of the deal. The buyer approaches their bank to issue a letter of credit, which guarantees payment to the seller, provided they meet the specified terms and conditions. In the case of a revocable credit, the buyer retains the right to alter or revoke the letter of credit without prior notice to the seller.This characteristic makes revocable credit particularly useful for buyers who may anticipate changes in their financial situation or wish to retain some control over the transaction. For instance, if market conditions shift unexpectedly, a buyer might want to adjust the terms of the agreement or even withdraw from the transaction entirely. However, this flexibility comes at a cost. Sellers are often wary of revocable credits because they do not provide the same level of security as irrevocable credits, which cannot be changed or canceled once issued.The risks associated with revocable credit are significant for sellers. Since the buyer can withdraw the credit at any time, sellers may find themselves in a precarious position, having already shipped goods or performed services without any guarantee of payment. This uncertainty can lead to financial losses, especially for small businesses that rely heavily on timely payments to maintain cash flow.Moreover, the use of revocable credit can complicate negotiations between buyers and sellers. Sellers may demand higher prices or additional guarantees to compensate for the risk they assume when dealing with a revocable credit. This could ultimately affect the overall dynamics of the transaction and lead to less favorable terms for the buyer.In conclusion, while revocable credit (可撤销信用证) offers flexibility to buyers, it also introduces significant risks for sellers. It is vital for both parties to fully understand the nature of this financial instrument and to weigh the pros and cons before proceeding with a transaction involving a revocable credit. By doing so, they can better navigate the complexities of international trade and protect their respective interests.

在金融和贸易的世界中，各种工具被用来促进交易并确保双方的安全。其中一种工具是信用证，它作为买方的银行的担保。在这个框架内，一种特定类型的信用证被称为revocable credit（可撤销信用证），在交易中发挥着关键作用。revocable credit允许买方在付款之前的任何时候修改或取消信用证。这种灵活性在某些情况下是有利的，但它也带来了风险，买卖双方必须仔细考虑。要理解revocable credit的含义，首先需要掌握信用证的运作方式。当买方和卖方就交易达成协议时，买方通常希望向卖方保证他们将在履行交易的一部分后收到付款。买方向其银行申请签发信用证，该信用证保证在卖方满足特定条款和条件的情况下向其支付款项。在revocable credit的情况下，买方保留在不事先通知卖方的情况下更改或撤销信用证的权利。这一特性使得revocable credit对于那些可能预见到财务状况变化或希望对交易保持一定控制的买方特别有用。例如，如果市场条件意外发生变化，买方可能希望调整协议条款，甚至完全退出交易。然而，这种灵活性是有代价的。卖方通常对revocable credits感到警惕，因为它们未能提供与不可撤销信用证相同的安全性，而不可撤销信用证一旦发出便无法更改或取消。与revocable credit相关的风险对于卖方而言是显著的。由于买方可以随时撤销信用证，卖方可能会发现自己处于危险的位置，已经发货或提供服务而没有任何付款保证。这种不确定性可能导致财务损失，尤其是对于依赖及时付款来维持现金流的小企业。此外，使用revocable credit可能会使买卖双方之间的谈判变得复杂。卖方可能会要求更高的价格或额外的担保，以补偿他们在与revocable credit打交道时承担的风险。这最终可能会影响交易的整体动态，并导致买方获得不太有利的条款。总之，虽然revocable credit（可撤销信用证）为买方提供了灵活性，但也给卖方带来了重大风险。双方充分理解这一金融工具的性质，并在进行涉及revocable credit的交易之前权衡利弊是至关重要的。通过这样做，他们可以更好地应对国际贸易的复杂性，保护各自的利益。