Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• LETTER OF COMMENT - A communication to the firm from the SEC that suggests changes to its registration ...
  
  
• LETTER OF COMMITMENT - A document that advises the borrower that the loan has been approved, spells out...
  
  
• LETTER OF CREDIT - An obligation issued by a bank on behalf of a bank customer to a third party. There ...
  
  
• LETTER OF CREDIT (L/C) - A promise from a third party (usually a bank) for payment in the event that ce...
  
  
• LETTER OF CREDIT (LOC) - a legal document issued by a buyer's bank that upon presentation of required d...
  
  
• LETTER OF CREDIT RIGHT - A right to payment or performance under a letter of credit whether or not the ...
  
  
• LETTER OF CREDIT, CONFIRMED - a letter of credit that is guaranteed by a bank that is acceptable to a s...
  
  
• LETTER OF CREDIT, IRREVOCABLE - a letter of credit where payment is guaranteed as long as the seller me...
  
  
• LETTER OF GUARANTEE - A letter from a bank to a brokerage firm which states that a customer (who has wr...
  
  
• LETTER OF INTENT - a document confirming the intent of an investor to participate in a round of financi...