standby letters of credit — Also known as a standby credit, a financial letters of credit or an SLC. Similar to an on demand bond, it enables one party to a contract to obtain payment from the issuer of the standby credit when the other contracting party has failed, or is… … Law dictionary
Back-To-Back Letters Of Credit — Two letters of credit (LCs) used together to help a seller finance the purchase of equipment or services from a subcontractor. With the original LC from the buyer s bank in place, the seller goes to his own bank and has a second LC issued, with… … Investment dictionary
Credit default swap — If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity … Wikipedia
credit, letter of — ▪ finance order from a bank to a bank or other party abroad authorizing payment of money (up to a specified limit) to a person named in the letter. A letter of credit, unlike a bill of exchange (exchange, bill of) (q.v.), is not negotiable… … Universalium
Credit enhancement — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security … Wikipedia
Credit reference — A credit reference is information, the name of an individual, or the name of an organization that can provide details about an individual s past track record with credit. Credit rating agencies provide credit references for companies while credit … Wikipedia
Credit Facility — A type of loan made in a business or corporate finance context. Specific types of credit facilities are: revolving credit, term loans, committed facilities, letters of credit and most retail credit accounts. Companies frequently implement a… … Investment dictionary
Credit repair software — enables consumers to correct errors and inaccurate information in their credit reports and to boost their Credit score. In compliance with laws protecting consumers, including the Fair Credit Reporting Act, several companies have introduced… … Wikipedia
commercial letters of credit — trade related agreement that a certain amount of bank funds is available to an entity. Bloomberg Financial Dictionary … Financial and business terms
Credit score — A credit score is a numerical expression based on a statistical analysis of a person s credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information typically sourced from credit… … Wikipedia
