Advertising

Documented discount notes

• Commercial paper backed by normal bank lines plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrower does not. Such paper is also referred to as LOC (letter of credit) paper.

• Commercial paper backed by normal bank lines plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrower does not. Such paper is also referred to as LOC (letter of credit) paper.

 
 Embedded terms in definition
 Bank line
Commercial paper
Commercial
Credit
Maturity
Paper
Plus
Will
 
 Related Terms
 

<< Doctrine of sovereign immunity Dog or dogs >>

"Green" Banking: Saving the Environment as You Save and Borrow Money: You're probably already recycling paper, glass and plastic. But did you know you also may be able to help save the environment as you do your banking? Here are options that may be available from your bank. More...

Forgiveness does not change the past, but it does enlarge the future. - Paul Boese

Advertising



Copyright 2009-2018 GVC. All rights reserved.