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.
- Sõnaliik: noun
- Valdkond/domeen: Financial services
- Category: General Finance
- Company: Bloomberg
0
Looja
- Jessehe
-
(V.I.P) 32013 points - 40.13% positive feedback
