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URR 725 - The Uniform Rules for Bank-to-Bank Reimbursements

URR 725 – The Uniform Rules for Bank-to-Bank Reimbursements

What Does URR 725 Mean? The URR 725 are the Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits ICC publication No. 725. URR 725 was approved...
Reimbursement and Reimbursing Bank

Reimbursement and Reimbursing Bank

What Does Reimbursement Mean? Reimbursement is defined as a compensation paid to someone for an expense. In order to be reimbursed by another person or organisation,...
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