It means 'Letter of credit'. A form of guarantee of payment issued by a bank on behalf of the borrower, which ensures the payment of interest and repayment of principle on bond issues.
09:43, 15 November 2013
A financial arrangement whereby a group of individuals each ...
A covered call is an options strategy where the investor ...
An analysis tool used for indication of future trends. A ...
A U.S. based credit rating agency and financial services ...
It happened in the 19 of October 1987, when Dow Jones ...
In terms of purchasing derivatives, it is the cost to ...
0
Terms
Blossaries
3
Followers
5
60
2
1
47