FIDEC definition
FIDEC means Fondo para el Desarrollo Comercial, and includes the technical and administrative organization, resources, staff and facilities used or to be used by BANXICO to operate FIDEC as trustee;
Examples of FIDEC in a sentence
Distributor Advance [on delivery] $250K GAP Insurance / Deficit Financing (FIDEC) [2 yrs after delivery] $972K ie.
Distributor Advance – Video [on delivery] $250K GAP Insurance / Deficit Financing (FIDEC) [2 yrs after delivery] $972K UK Broadcaster License Fees [on delivery] $750K Deferment (Producer) $1M Foreign Pre-Sales [on delivery] $950K GAP Insurance / Deficit Financing [2 years after delivery] $700K -Bank ultimately lends on sums coming in, at a later date (ie.
Insurance Ks deal w/ a different set of laws compared to normal Ks. FIDEC, however, in QC offers a GAP guarantee – this is not insurance though but FIDEC is expensive ie.15% of the GAP guarantee.