Definition A standby letter of credit, abbreviated as SBLC, refers to a legal document where a bank guarantees the payment of a specific amount of money to a seller if the buyer defaults on the … [Read more...] about Stand-by Letter of Credit
AR Law
Definition A standby letter of credit, abbreviated as SBLC, refers to a legal document where a bank guarantees the payment of a specific amount of money to a seller if the buyer defaults on the … [Read more...] about Stand-by Letter of Credit