A term describing the act of a bank, other than the issuing bank of a documentary credit, which undertakes on its own responsibility to pay, accept or negotiate under a documentary credit.

Assumption of the liability for payment, acceptance or negotiation of correctly presented documents under a DC. Only non-issuing banks can assume this liability. (see"Confirmation of DCs")

Act of a bank other than the issuing bank assuming the liability for payment, acceptance or negotiation of correctly presented documents under a DC - see Confirmation of DCs.

serving to support or corroborate; "collateral evidence"

indicating existence or presence of a suspected condition or pathogen; "a positive pregnancy test"