Standby letters of credit slc's

• These provide default guarantees to back a commercial paper issue or a municipal revenue bond. They also provide performance bond guarantees to ensure that a real-estate development will be operational within a stated time period. They involve much larger amounts than the typical letters of credit.


Follow this link for all the terms related to credit.

 Embedded terms in definition
Commercial paper
Letters of credit
Performance bond
Revenue bond
 Related Terms

<< Standby fee Standstill agreements >>

"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...

Studies indicate that the one quality all successful people have is persistence. They're willing to spend more time accomplishing a task and to persevere in the face of many difficult odds. There's a very positive relationship between people's ability to accomplish any task and the time they're willing to spend on it. Dr. Joyce


Copyright 2009-2018 GVC. All rights reserved.