Reimbursement

credit. This is a form of credit that figures in dealings in both domestic and foreign exchange. If a seller of goods in Boston to a buyer in Chicago desires to receive his pay for them in New York the buyer in Chicago establishes, a credit in New York which the seller in Boston may draw against. Subsequently the one with whom the credit is established in New York draws upon the buyer in Chicago or else the buyer in Chicago makes a remittance for the amount which the Boston seller draws for. If a seller of goods in China to a buyer in New York desires to receive his: | pay in London the proce is the same as in the case of the seller in Boston to the buyer in Chicago. Reinvestment. The using of interest and dividends to make new purchases of securities.: Rei uable notes. Money in the form of notes which after. being paid may again be put in circulation. United States notes (greenbacks) and national bank notes are the only re-: i uable notes. Released indorsed bond. Any indorsement on a coupon bond stating that it has been deposited as security for bank | circulation (bank notes) or for insurance requirement may be released by an acknowledgment of the release before a notary public; it will then be a delivery in accordance with New York Stock Exchange rules as a released indorsed bond. Sometimes the owner of a coupon bond inseribes the fact of his ownership on the bond, as, for instance, “This bond is the property of John Jones.” In such a case in making a change in the ownership of the bond a formal a ignment of it in blank: must be executed by the owner and it then may be sold under the New York Stock Exchange rules specifically as a released indorsed bond. Remargining. In a speculative transaction this term means replenishing margin which has been partly or wholly ex- - hausted by an adverse movement in prices. Remargining a loan. Same as replenishing a loan; providing additional collateral. For additional information see Col-, lateral loan.; Remittance. Money (or its representative, as a bill of exchange or draft or other order for money) forwarded from one | place to another is a remittance; also, the act of forwarding it is remittance., Remitter. The person who forwards a bill of exchange (draft) or other order for money to a person in another place. Remonetize. To reinstate as lawful money. Renewal. When a loan of money becomes due and it is continued for another period that is a renewal of the loan. When a stock that has been borrowed is called (its return demanded) and it is re-borrowed from the same or from another lender that is a renewal of a stock loan. -;; ' al Rentes. The government bonds of France. The bonds of = some other European governments also bear the same name. 446