trade payment definition
trade payment means a payment made under a contract of insurance by an insurer to a third party supplier to replace or repair the insured’s goods which were lost, damaged or destroyed;
trade payment means, in respect of all the Default Swap Agreements and Unfunded Default Swap Agreements in the aggregate and each Completed Trade, an amount determined by the Swap Counterparty equal to the USD Equivalent of the sum of:
trade payment. Instrument" means any irrevocable and independent payment instrument in any form which constitutes or evidences a Reimbursable Payment Obligation.