Inicio > 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.
- Parte del discurso: noun
- Industria/ámbito: Servicios financieros
- Categoría: Finanza general
- Company: Bloomberg
0
Creador
- Jessehe
-
(V.I.P) 32013 puntos - 40.13% positive feedback
