Copyright © Philip M. Parker, INSEAD. Terms of Use.
| Domain | Definition |
Economics | A letter of credit which a bank issues on behalf of its customer to serve as a guarantee to the beneficiary of the letter of credit that the bank's customer will perform a specified contract with the beneficiary. If the customer defaults, the beneficiary may draw funds against the letter of credit as penalties or as payments, whichever the terms of the credit provide. (references) |
Finance | A guaranty issued by a Federal Home Loan Bank on behalf of a member thrift institution wishing to enter into an interest rate swap agreement on its own. If the member institution defaults on its swap contract, the standby letter of credit obligates the District Bank either to pay a stated amount to the counterparty or to assume the swap obligation of the member institution. (references) |
Source: compiled by the editor from various references; see credits. | |
| Domain | Title |
Books | |
Source: compiled by the editor from various references; see credits. | |
| The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com. |
| Expression | Frequency per Day |
standby letter of credit | 39 |
| Source: compiled by the editor from various references; see credits. | |
Hexadecimal (or equivalents, 770AD-1900s) (references)53 54 41 4E 44 42 59 4C 45 54 54 45 52 4F 46 43 52 45 44 49 54 |
| Leonardo da Vinci (1452-1519; backwards) (references)
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Binary Code (1918-1938, probably earlier) (references)01010011 01010100 01000001 01001110 01000100 01000010 01011001 00100000 01001100 01000101 01010100 01010100 01000101 01010010 00100000 01001111 01000110 00100000 01000011 01010010 01000101 01000100 01001001 01010100 |
HTML Code (1990) (references)S T A N D B Y   L E T T E R   O F   C R E D I T |
ISO 10646 (1991-1993) (references)0053 0054 0041 004E 0044 0042 0059 004C 0045 0054 0054 0045 0052 004F 0046 0043 0052 0045 0044 0049 0054 |
Encryption (beginner's substitution cypher): (references)535435483836592463954543952249402375239384354 |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
