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 Leakage:
- Examples Release of information selectively or not before official public announcement letter of credit (loc) definition.
- Definition Long-Term:
- Examples In accounting terms, one year or longer letter of credit (loc) explain.
- Definition Loan Commitment:
- Examples Assurance by a lender to make money available to a borrower on specific terms in return for a fee letter of credit (loc) what is.
- Definition Leveraged Lease:
- Examples under which the lessor borrows a large proportion of the funds needed to purchase the asset. The lender has a lien on the assets and a pledge of the lease payments to secure the borrowing letter of credit (loc) meaning.
- Definition Limitation On Sale-And-Leaseback:
- Examples A bond covenant that restricts in some way a firm's ability to enter into sale-and-leaseback transactions, financing techniques that could affect creditor thinness letter of credit (loc) abbreviation.
