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please define "bermuda option"
glossary FAQ: glossary.
Rex G. From Dijon, France
27 January, 2009
"bermuda option " is A type of option that can only be exercised on predetermined dates, usually every month.
Like the mixed culture of Bermuda, bermuda options are a combination of American and European style options. Visit etoro.info
do you know what a "cash in advance" is?
glossary FAQ: glossary.
B. E. From United States
15 December, 2009
When an importer must pay the exporter in cash before a shipment is made. The logic behind the structure of such a transaction is that if an exporter ships a product to an importer and the importer does not pay for the item, the exporter has very little recourse. This term can be used in a variety of businesses, but it is most common in the import/export business.
Prior to receiving a shipment of a product from an overseas vendor, many importers are required to send cash in advance. By structuring the transaction in this manner, the exporter (or maker of the product) is protected against the possibility of non-payment by the importer. Visit Interbank FX