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SBLC |
Also found in: Financial | 0.02 sec. |
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Letter of credit: An installment sale note may be backed by a standby letter of credit that the seller can present for payment on a default. During construction Citibank's Community Development Group provided a standby letter of credit to secure the financing. Led by DSCA, the finance IPT policy package announced implementation of the Standby Letter of Credit (SBLC), and made several fundamental changes in payment schedules. |
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