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
(USA) The period of time between the filing of a ...
An economic recession that began on October 29, 1929, ...
The Royal Canadian Mint's collectible coin that features a ...
More commonly referred to as a 'plastic banknote'; the ...
Camden Property Trust is a Houston, TX based Real Estate ...
There are 2 basic passive bond buying strategies. First is ...
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