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Letter of credit (LOC) |
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Letter of credit (LOC)A form of guarantee of payment issued by a bank on behalf of a borrower that assures the payment of interest and repayment of principal on bond issues.Letter of credit (LOC) Similar MatchesTransferable letter of creditTransferable letter of creditDocument that allows the first beneficiary on a standby bank assurance of funds to transfer all or part of the original letter of credit to a third party. Letter stockLetter stockPrivately placed common stock, so-called because the SEC requires a letter from the purchaser stating that the stock is not intended for resale. Letter of renunciationLetter of renunciationIn a rights issue of shares, a letter of renunciation is the form attached to an allotment letter which the holder completes should he wish to transfer entitlement to another person or to renounce his rights absolutely. Shareholders letterShareholders letterA section of an annual report where one can find general overall discussion by management of successful and failed strategies. Provides guidance for looking at specific parts of the report. Memorandum of wishes (letter of wishes)Memorandum of wishes (letter of wishes)A memorandum or letter addressed to the executors of a will by the testator (feminine testatrix), that is, the maker of the will, specifying additional wishes to be carried out. For example a woman may leave her jewellery to her executor with a letter of wishes requesting that they pass certain items to named individuals. Further SuggestionsMarket letterPre approval letter Time Letter of Credit Advisory letter Commercial letters of credit Transmittal letter Letter of Guarantee Deficiency letter Standby letter of credit letters of administration Bank Letter of Credit Policy Revocable letter of credit No action letter allotment notice/letter Letter of Transmittal Confirmed Letter of Credit Letter of comment Letter of Administration Usance Letter of Credit Unconfirmed Letter of Credit Letter of Testamentary Bank Letter of Credit Policy Letter of intent Private letter ruling letter of wishes |
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