Supplier credit and Trillion: Difference between pages

Revision as of 10:20, 15 August 2016

1.

One thousand billion (1,000,000,000,000 or 10¹²), for example EUR 123 trillion = EUR 123,000,000,000,000. Sometimes abbreviated to 'trn' or 'tn'.

2.

Historically in the UK and some other countries, 'trillion' used to refer mathematically to 1,000,000,000,000,000,000 (or 10¹⁸).

This historical usage never became established in finance, and is now defunct for practical finance purposes.

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-An unconditional guarantee from the Export Credits Guarantee Department (ECGD) to a UK bank which enables that bank to finance an exporter's medium term credit to an export customer without recourse.
+.
-== See also ==
+One thousand billion (1,000,000,000,000 or 10<sup>12</sup>), for example EUR 123 trillion = EUR 123,000,000,000,000. Sometimes abbreviated to 'trn' or 'tn'.
-* [[Buyer credit]]
-* [[Export Credits Guarantee Department]]
-* [[Without recourse]]
+.
+Historically in the UK and some other countries, 'trillion' used to refer mathematically to 1,000,000,000,000,000,000 (or 10<sup>18</sup>).
+This historical usage never became established in finance, and is now defunct for practical finance purposes.
+==See also==
+* [[Billion]]
+* [[Quadrillion]]