Inicio > Term: Stand-by letter of credit
Stand-by letter of credit
A common form of bank guarantee in the USA and Asia. May be used for all types of guarantee, in particular as a payment guarantee. It also serves as security for the event a third party fails to meet a promised obligation.
- Parte del discurso: noun
- Industria/ámbito: Banca
- Categoría: Banca de inversión
- Company: UBS
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- Harry8L
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