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2. Letter of credit - Wikipedia

   en.wikipedia.org/wiki/Letter_of_credit

   Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.

3. Uniform Customs and Practice for Documentary Credits

   en.wikipedia.org/wiki/Uniform_Customs_and...

   The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.

4. First Report on the Public Credit - Wikipedia

   en.wikipedia.org/wiki/First_Report_on_the_Public...

   The report analyzed the financial standing of the United States and made recommendations to reorganize the national debt and to establish the public credit. [2] Commissioned by the US House of Representatives on September 21, 1789, the report was presented on January 9, 1790, [3] at the second session of the 1st US Congress. [4]

5. What Can I Use a Letter of Credit For? - AOL

   www.aol.com/finance/letter-credit-140001832.html

   A letter of credit is a written document from a bank guaranteeing the seller of a product or service will be paid as long as the goods or services are provided, as specified. Letters of credit are ...

6. Why is good credit so important? - AOL

   www.aol.com/finance/why-good-credit-important...

   Here’s what you need to do to get your score within a good credit range. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...

7. Letter of intent - Wikipedia

   en.wikipedia.org/wiki/Letter_of_intent

   These letters often act as a pivotal decider for admission committees looking to understand an applicant's academic and professional goals, and their fit within the program. The document, akin to a cover letter for job applications, a statement of purpose, or an application essay, typically outlines an applicant's academic journey, their ...