Jul 12, 2021 15:33
2 yrs ago
30 viewers *
English term

pic

English Law/Patents Law: Contract(s)
Context:
If the Principal fails to pay any amount payable by it under this agreement, theService Provider may charge the Principal interest on the overdue amount,payable by the Principal immediately on demand, from the due date up to thedate of actual payment, after as well as before judgment, at the rate of 4 per centa year above the base rate for the time being of National Westminster Bank pic. Such interest will accrue on a daily basis.

"pic" – to jakiś finansowy skrótowiec? Czy raczej pomyłka w tekście oryginalnym, gdzie powinno być plc - Public Limited Company? (przeglądam skrótowce pic i nie widzę nic sensownego)
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"pic" – is this some financial abbreviation? Or could it be a typo in the original text, mistyped from plc - Public Limited Company? (I'm browsing pic abbreviations and nothing makes sense to me)
Change log

Jul 12, 2021 15:33: changed "Kudoz queue" from "In queue" to "Public"

Jul 13, 2021 05:50: Karen Zaragoza changed "Vetting" from "Needs Vetting" to "Vet OK"

Votes to reclassify question as PRO/non-PRO:

Non-PRO (2): Yvonne Gallagher, AllegroTrans

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Discussion

Maciej Bogucki Jul 13, 2021:
FYI - I'm pretty sure the mistake was introduced because this text was OCR'd without editing. Swapping 'l' for 'i' is a pretty common OCR error, and you can also tell this is the case here by the missing spaces between words.

Responses

+5
14 hrs
Selected

Public Limited Company

National Westminster Bank Public Limited Company operates as a bank. The Bank provides products and services including saving and fixed deposits, personal and commercial loan, credit cards, financial, and internet banking services. National Westminster Bank serves customers worldwide.
https://www.bloomberg.com/profile/company/NWB:LN

National Westminster Bank Plc (1968-date), established in London, is part of NatWest Group.
https://www.natwestgroup.com/heritage/companies/national-wes...

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Note added at 14 hrs (2021-07-13 06:12:41 GMT)
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https://www.dnb.com/business-directory/company-profiles.nati...

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Note added at 17 hrs (2021-07-13 08:51:31 GMT)
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"pic" is very likely a typo.
Peer comment(s):

agree Charlotte Fleming
4 mins
Thank you!
agree Mark Robertson
1 hr
Thank you!
agree AllegroTrans : Given the name of the bank, definitely
5 hrs
Thank you!
agree Tina Vonhof (X)
9 hrs
Thank you!
agree Ali Mohammed Ali Salah : Thank you
10 days
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks!"
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