Tag: URR 725
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
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,...