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What is a standby letter of credit 2024?

Lucas Rogers | 2023-05-07 09:37:14 | page views：1415
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Gabriel Martin

Works at the International Organization for Migration, Lives in Geneva, Switzerland.
A standby letter of credit (SLOC) is a guarantee of payment issued by a bank on behalf of a client that is used as "payment of last resort" should the client fail to fulfill a contractual commitment with a third party.
2023-05-16 09:37:14
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Harper Patel

QuesHub.com delivers expert answers and knowledge to you.
A standby letter of credit (SLOC) is a guarantee of payment issued by a bank on behalf of a client that is used as "payment of last resort" should the client fail to fulfill a contractual commitment with a third party.
Standby Letter of Credit (SLOC) - Investopedia
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