It means 'Letter of credit'. A form of guarantee of payment issued by a bank on behalf of the borrower, which ensures the payment of interest and repayment of principle on bond issues.
09:43, 15 November 2013
A U.S. based credit rating agency and financial services ...
A financial term used in the derivatives market. The ...
There are 2 basic passive bond buying strategies. First is ...
Traditional IRAs give the ability for individuals to ...
Identified by Hans Stoll in 1969, the Put/Call Parity ...
A put option is an investment strategy where the investor ...
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