LOBO and LOC backed: Difference between pages
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Letter of credit backed. | |||
An issue, usually of commercial paper, backed by a bank letter of credit – effectively a bank guarantee. | |||
== See also == | == See also == | ||
* [[ | * [[Commercial paper]] | ||
* [[ | * [[Letter of credit]] | ||
Revision as of 13:04, 22 August 2013
Letter of credit backed.
An issue, usually of commercial paper, backed by a bank letter of credit – effectively a bank guarantee.
