Consecutive sentences are served independently of any other sentences, while concurrent sentencing allows inmates to serve multiple sentences at the same time. Consecutive sentences are usually for serious crimes and can be given when a case involves multiple counts. Inmates serving consecutive sentences face a longer stay in prison, and judges may request no possibility […]
Back-to-back credit involves reciprocal guarantees between buyer and seller to protect both parties from loss in large transactions, often documented in a letter of credit. Legal counsel reviews the terms and regulations, and financial institutions provide standby credit. Also known as back-to-back or reciprocal credit, a back-to-back is a type of stand-up credit that involves […]
Back-to-back letters of credit involve two letters of credit between three parties, used to secure goods or services in high-value or international transactions. This technique is often used by intermediaries to secure the goods of local parties while posing as the primary contact for the foreign buyer. Letters of credit are often used in business […]
