The financial definition for Transaction Insured Trade Acceptance Locator (TITAL):
A trade acceptance through an insurance entity (rather than a bank) which is conditional upon exporter performance.
Similar Matches
Cash transaction
Cash transaction A transaction in which exchange is immediate in the form of cash, unlike a forward contract (which calls for future delivery of an asset at an agreed-upon price).
Closing transaction
Closing transaction Applies to derivative products. Buy or sell transaction that eliminates an existing position (selling a long option or buying back a short option). Antithesis of opening transaction.