Meaning LETTER OF CREDIT (LOC): A form of guarantee of payment issued by a bank on behalf of a borrower that assures the payment of interest and repayment of principal on bond issues
More terms such as Letter of credit (LOC) in Dictionary L.
- Definition Local Expectations Theory:
- Examples A form of the pure expectations theory that suggests that the returns on bonds of different maturities will be the same over a short-term investment horizon letter of credit (loc) definition.
- Definition Limited Risk:
- Examples in options contracts, which is much lower than that of a futures contract, which has unlimited risk. The maximum loss in buying a call option, for example, is the premium paid for the option letter of credit (loc) explain.
- Definition Lender Of Last Resort:
- Examples Traditionally the Federal Reserve Bank in the U.S., which assists banks that face large withdrawals of funds and in so doing stabilizes the banking system letter of credit (loc) what is.
- Definition Limit Order:
- Examples stock at or below a specified price, or to sell a stock at or above a specified price. For instance, you could tell a broker buy me 100 shares of XYZ Corp at $8 or less or sell 100 shares of XYZ at $ letter of credit (loc) meaning.
- Definition Long-Term Financial Plan:
- Examples Financial plan covering two or more years of future operations letter of credit (loc) abbreviation.
