Home > Term: standby letter of credit
standby letter of credit
Agreement to guarantee invoice payments to a supplier; a standby LOC promises to pay the seller if the buyer fails to pay.
- ส่วนหนึ่งของคำพูด: noun
- อุตสาหกรรม/ขอบเขต: Financial services
- Category: General Finance
- Company: Bloomberg
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ผู้สร้าง
- Jessehe
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(V.I.P) 32013 points - 40.13% positive feedback
