Advertising

Documented discount notes

• Commercial paper backed by normal bank lines plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrower does not. Such paper is also referred to as LOC (letter of credit) paper.

• Commercial paper backed by normal bank lines plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrower does not. Such paper is also referred to as LOC (letter of credit) paper.

 
 Embedded terms in definition
 Bank line
Commercial paper
Commercial
Credit
Maturity
Paper
Plus
Will
 
 Related Terms
 

<< Doctrine of sovereign immunity Dog or dogs >>

Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

Never tell people how to do things. Tell them what to do and they will surprise you with their ingenuity. - George S. Patton

Advertising



Copyright 2009-2019 GVC. All rights reserved.