Letter of Credit
Letter of credit is a financial document issued by a bank guaranteeing payment to a seller, provided certain conditions are met. Common in international trade, it protects both buyer and seller by ensuring that funds will be released once shipment or delivery terms are fulfilled.
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Lease Term
Lease term refers to the duration over which a lease agreement is in effect, including non-cancellable periods and optional extensions…
Liquidation Value
Liquidation value is the estimated amount that could be realised if a company’s assets were sold quickly, typically under distressed…
Line of Credit
A line of credit is a flexible financing arrangement that allows businesses to borrow funds up to a predetermined limit…
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