Moneycontrol
YOU ARE HERE > Moneycontrol > Trading Terms > Glossary

Trading Terms

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Discrepancy

Documentary credit context: a discrepancy arises when documents presented under a documentary credit do not conform to the terms of the credit; generally, an error, contradiction or omission related to the documents constitutes the discrepancy. The bank refuses to pay against the documents unless the applicant (buyer) agrees to amend the credit or otherwise waive objections to payment under the credit.

Other Sections
Sections
Follow us on
Available On
PCI DSS Compliant