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10 Cards in this Set
- Front
- Back
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Country Risk
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Political, Legal, Social, & Economic conditions that affect international businesses.
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Trust
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Arrangement by which one party holds property on behalf of another party.
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Probate
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Court proceeding that settles estates.
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Foreign Exchange Rate
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The value of one currency in terms of another.
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Edge Corporation
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Federally chartered institution allowed to engage only in international banking.
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Executor
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Person names in a will to administer the estate.
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Living trust
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Provides a way to transfer property at a person's death.
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Currency Risk
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Degree of risk posed by bariations in exchange rates between countries.
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Correspondent Bank
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Act a as a point of contact for other banks that do not have a branch, agency, subsidiary, or corporation in the host country.
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Will
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A document by which the individual gives instructions as to what is to happen upon his or her death in regard to property and remains.
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