Examples of 'standby letter' in a sentence
Meaning of "standby letter"
standby letter - A letter of credit issued by a bank that guarantees payment to a seller in the event that the buyer cannot fulfill the payment obligation
How to use "standby letter" in a sentence
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standby letter
The guarantee could consist of a standby letter of credit.
Irrevocable standby letter of credit having the character of a credit substitute.
The deposit is to be in the form of an irrevocable standby letter of credit.
Both parties to a standby letter of credit never hope to have to use it.
The security deposit can be in the form of cash or a standby letter of credit.
A Standby letter of credit is a secondary mechanism for improving payment or credit.
There are a number of reasons why a bank customer might request a standby letter of credit.
Standby letter of credit or SBLC.
Please confirm that applicants may submit more than one irrevocable standby letter of credit LOC.
A Standby Letter of Credit acts as that alternative source.
How can I get a standby letter of credit?
A Standby Letter of Credit addresses the growing need for international transactions.
Note, a Bank Guarantee is not the same as a Standby Letter of Credit.
The concept of a Standby Letter of Credit is often confused with a Letter of Credit.
The Standby Letter of Credit has its own principle of operation, which is that,.
See also
Termination of irrevocable standby letter of credit on less than 45 days notice date,.
Irrevocable standby letter of credit ( LOC ) issued by a reputable financial institution.
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A letter of acknowledgement is then sent to the applicant
