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A letter of explanation for a mortgage is a document that provides further details about an applicant’s creditworthiness or financial circumstances. ... Sample letter of explanation.
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A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .
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A demand letter, letter of demand, [1] (of payment), or letter before claim, [2] is a letter stating a legal claim (usually drafted by a lawyer) which makes a demand for restitution or performance of some obligation, owing to the recipients' alleged breach of contract, or for a legal wrong.
Wisdom, the legendary Laysan albatross or mōlī, stands at center over her recently laid egg with other seabirds around the ground nest on Midway Atoll National Wildlife Refuge, Nov. 27, 2024.
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.