Furthermore, the accused admitted lending money on Islamic profit basis used in Islamic banks, charging profit rates between four and six per cent, and collect cheques or trust receipts as a security.
What does T/R stand for?
T/R stands for Trust Receipt
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of T/R
We have 49 other meanings of T/R in our Acronym Attic
- Thanks and regards
- Thrust Reverse
- Top of Rail
- Transformer Rectifier (electronic equipment)
- Transmitter/Receiver (also seen as TR)
- Transportation Request
- Transmit/Receive Active Array Antenna Lens
- Telemetry/Range Instrumented Aircraft
- Training Ship
- Temporal/Spatial Addition Modulo Length (coding scheme)
- Temporal/Spatial Addition Modulo L
- Test Set
- Testosterone/Sex Hormone Binding Globulin Ratio
- Tactical/Standard Instrument Procedures
Samples in periodicals archive:
In most cases, SMEs in trading and manufacturing get bank facilities -- mainly letter of credit (LCs) and trust receipts (TRs) -- at between 6 to 14 per cent annum," said Jitendra Gianchandani, chairman of Jitendra Consulting Group (JCG).
Under the MoU, ADCB will commit to develop a special SME 100 package that covers reduced interest rates, funded credit facilities at ADCB's base rate, priority transaction processing, reduced fees and charges on export transactions, flexible repayment options, access to a complete suite of SME products such as overdrafts, short term loans, invoice and PDC discounting, letters of credit and trust receipt, loan against import, letters of guarantee, commercial vehicle loan, construction equipment loan, online trade finance platform (Protrade) and online fx platform (Fx Freeway).
The act allocates trust receipts and disbursements between principal and income (CPC secs.
The Service agreed, because the trust agreement gave the trustee broad discretion to allocate trust receipts between principal and income, and corporate distributions exceeding 20% of corporate assets were allocated to principal under state law.
The financing includes before and after shipping facilities, loans against trust receipts, discounted bills, payments for receivable amounts and discounted export bills.