Write short-notes on the following:

Green" means something that is commenced with the environment friendly initiatives. So, green financing can be an initiative as a sign of the green economy, leading to the sustainable growth of a country. Even the concept of green economy might seem to ensure the economic sustainability of a country. We improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities. That means the pathways of green economy are a complete process for making a foundation of sustainable development, since the outcome of the green economy can describe a broad range of social, economical and environmental sustainability of a country. So, simply, green financing in business may promote green economy of a country and at the same time the by-product of such industrial development will be in the sustainable manner - low carbon, resource efficient and socially inclusive.

Globalization: Globalization is very important in international relations. Basically it is a process of expanding trade and commerce all over the world by creating a border less maker. But it has a far reaching effect on many aspects of life. With the development of high tech communication media and rapid transportation facilities, the world comes closer. We can now learn instantly what is happening in the farthest corner of the world and travel to any country in the shortest possible time. Countries in the world are like the families in a village. They can even share immediately come to its assistance. But taking advantages of the idea of globalization, capitalism seems to be on triumphant much. It is creating more opportunity for capitalist countries rather than for the developing ones.

Under Invoicing: Under invoicing is the act or practice of stating the price of a good on an invoice as being less than the price actually paid. Under invoicing occurs if the importer or exporter wishes to reduce a tariff or if a buyer or seller wishes to reduce their apparent profits so as to pay less in taxes.

Free Market Economy: Free market economy is an economic system where a government has little or no control over the demand and supply of commodities. In this market system, buyers and sellers meet to trade and to dertermine prices and quantities for goods and services. Adam Smith proclaimed that the invisible hands of markets would lead to the optimal economic outcome as individuals persue their own self- interest.

Back to Back Letter of Credit: Back-to-back letters of credit consist of two letters of credit (LCs) used together to finance a transaction. A back-to-back letter of credit is usually used in a transaction involving an intermediary between the buyer and seller, such as a broker, or when a seller must purchase the goods, it will sell from a supplier as part of the sale to his buyer.

Back-to-back LCs essentially substitute the two issuing banks' credit to the buyer's and intermediary's and thus help facilitate trade between parties who may be dealing from great distances and who may not otherwise be able to verify one another's credit.