Standby Letter of Credit (SLC)
Back to Finance Glossary | Previous PageA standby letter of credit is a common type of financial guarantee in which the letter issuer guarantees the beneficiary of the letter that a loan he or she has made will be repaid.
Latest Articles Related to Standby Letter of Credit (SLC)
Back to Finance Glossary | Previous Page
This web site is intended only to convey information. It is not to be construed as an investment guide or as an offer or solicitation of an offer to buy or sell any securities. The author has taken all usual and reasonable precautions to determine that the information contained in this website has been obtained from sources believed to be reliable.