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Irrevocable letter of credit |
Also found in: Acronyms | 0.46 sec. |
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Irrevocable letter of credit Assurance of funds issued by a bank that cannot be canceled
or amended without the beneficiary's approval. |
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? Mentioned in | ? References in periodicals archive | |
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However, a tenant who balks at posting even a small cash security deposit may be receptive to delivering as security a clean, irrevocable letter of credit ("LC') in an even larger amount. This EITF issue, Impact of an Uncollateralized Irrevocable Letter of Credit on a Real Estate Sale-Leaseback Transaction, considers the effect of a letter of credit on sale-leaseback accounting under FASB Statement no. NEW YORK -- Fitch upgrades the rating of Sunbelt Funding Corporation's programwide credit enhancement, provided in the form of Irrevocable Letter of Credit (LOC) No. |
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