Coreish, Quraish, Quraysh,
Qureshi?The name of the dominant tribe in and around Mecca at the time of the ascent of the Prophet Muhammad. They opposed Muhammad’s teachings
and went to war with his Muslim army on several occasions. The Battle of Badr is
considered a turning point in Islamic history when Muhammad’s Muslim forces
prevailed. The tribe exists to this day in the Arabian Peninsula.
corporate bond rate?The rate at
which the issuer of corporate
bonds agrees to pay interest to the bond-holder.
corporate bonds?A means of
raising capital by a company. Instead of
selling stocks, a company might issue bonds which can be bought by investors in
order to yield a fixed rate of interest. There will usually be a minimum
duration of time for which the bond must be held. Since the interest from bonds
is not linked to the profitability of the company, they can be seen as a safer
option as they should always turn a profit, although if a company performs
particularly well, the bond might turn out to be the less profitable option.
The main risk for bond-holders is that the company collapses; but a poorly
performing but surviving company might also not be able to meet its promised corporate bond rate.
corporate guarantee?A promise by
a corporate borrower to its lender that a third party (usually a larger body of
which it is a subsidiary) will be able to repay a loan should it default.
Providing such a guarantee greatly reduces the exposure of the lender to default risk, and will
result in reduced interest
rates or other beneficial conditions.
Régional Africain de Technologie (English: African Regional Centre for
the situation whereby one party owes something to another, particularly by
arrangement. In a standard loan
arrangement, the lender credits the borrower’s account with an amount of money, and the borrower
remains in debt until the agreed amount
(the amount borrowed plus the interest)
is paid off. Credit also applies to goods and services. A freelance might offer
his or her services to a company
and at a later date send an invoice to the company for the amount earned.
This would be a credit arrangement, as opposed to being paid in advance. Goods delivered to a
shop might be sold on credit, that is, no payment needs to be made in advance
for the goods, but a bill is raised at a later date (or, for example, monthly).
The granting of credit by the lender, the freelance or the supplier will all
require assurance that the payment will be made, so contracts of credit will
often be drawn up and where applicable, checks with credit ratings agencies will be
performed. The advantage to a party of being granted credit is that they will have
time to earn money from the work done or the goods sold, and their cash flow
will be helped by having their outgoings postponed. This in turn can turn out
to be an advantage for the supplier, as offering credit makes them a more
attractive proposition, for the same reasons, than a competitor who demands
payment in advance. However the risk is that the client will default on the
payment, perhaps through bankruptcy, so parties offering credit tend to limit
the amount by which they allow clients to become indebted to them.