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 swap designed to transfer the credit exposure of fixed ...
A financial term used in the derivatives market. The ...
The Group of 7 (G7), is a group consisting of the finance ...
China is transitioning from an export based economy to one ...
Interest rates for municipal bonds, for the most part, is a ...
An analysis tool used for indication of future trends. A ...
0
Terms
Blossaries
Followers
1
2
13
60
64
6