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What does JAIB stand for?

JAIB stands for Judgment Against the Issuing Bank

This definition appears very frequently

Other Resources: Acronym Finder has 1 verified definitions for JAIB

Samples in periodicals archive:

confess judgment against the Issuing Bank, in the event that this Irrevocable Letter of Credit is dishonored.
judgment against the issuing bank (and any confirming bank) in the event that the letter of credit is dishonored. The letter of credit shall
appear on behalf of, and confess judgment against the issuing bank (and any confirming bank) in the event that the letter of credit is dishonored.
Payment on letter of credit (1); on motion of the beneficiary the trial court shall enter judgment against the issuing bank unless the bank establishes that the...
on motion of the beneficiary the trial court shall enter judgment against the issuing bank unless the bank establishes that the bank is not required under the law...