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Search results for keyword: repayment
HSBC letter of credit
Revolving Credit Letter of Credit A revolving credit letter of credit (or Revolving LC) is a form of secured financing that provides a business with ongoing access to credit up to a specified limit. The LC is continuously drawn down and paid back over time, based on the company’s needs. Revolvin......
tags: lc revolving credit credit bank loop
19/07/2023
1046
Abigail
Interbank lending
Interbank Loan Interbank loans are essentially short-term loans for banks. They are used for two major purposes: to finance short-term asset transactions, and to fill temporary mismatches in funding liquidity. Interbank loans allow banks to borrow from and lend to each other in order to meet thei......
tags: loan interbank loans lending interbank banks
19/07/2023
1058
Oliver
guarantee contract
INTERCREDITOR SECURITY AGREEMENT THIS INTERCREDITOR SECURITY AGREEMENT (the Agreement) is entered into on the ___day of _________, 20__ (the Effective Date), by and between ___________, a ___________ company (the Lead Lender) and ___________, a ___________ company (the Subordinate Lender). WHERE......
tags: lender agreement subordinate debtor creditor agreement
19/07/2023
1047
Sophie
security interest
What is a Pledgors Rights? A pledgors rights is an agreement between a lender and a borrower in which the borrower puts up property as collateral for a loan from the lender. The property, known as the collateral, is pledged to the lender, who is called a pledgee. The purpose of a pledgor’s rig......
tags: rights agreement borrower mortgage law property
19/07/2023
1094
Sophia
guarantee trust
Introduction A bailment trust is a legal contract offered by a trust company or financial institution that allows a subject to deposit assets with a third party to ensure debt repayment. This type of trust agreement is often used by businesses when borrowing large sums of money from a financial i......
tags: trust financial assets surety used other
19/07/2023
1079
Nina
advance payment guarantee
Prepayment Performance Bond A Prepayment Performance Bond, also known as an Advance Payment Bond, is a type of surety bond typically required by a principal (buyer) before advancements of money are made to a contractor. The bond provides an assurance to the principal that the contractor will perf......
tags: bond contractor will guarantee performance type
19/07/2023
1046
Oliver
mortgage
Mortgages for the Average Home Buyer When it comes to buying a home, the majority of people take out a loan in order to finance the purchase. A mortgage is a loan taken out to buy real estate, typically with fixed-rate payments over a period of time. Mortgages have become a popular method of home......
tags: you mortgage home loan mortgage mortgages
19/07/2023
1071
Olivia
Pawn
Collateral Collateral is a term which is used in many different aspects of life, but it is most commonly used in the context of a loan. It is a security which is taken by a lender from the borrower in order to secure the repayment of a loan they have made. In other words, collateral is something o......
tags: collateral loan can mortgages loan mortgage
19/07/2023
1056
Miles
independent guarantee
Standby Letter of Credit and Independent Guarantee When a business needs to prove that they have adequate financial resources to guarantee payment, they may opt to provide a Standby Letter of Credit or an Independent Guarantee. Both of these instruments are available to and used by businesses of ......
tags: guarantee standby credit guarantee independent creditor
19/07/2023
1027
Madison
external guarantee
A Guarantee is a promise by one party to assume responsibility for the debt or obligation of a borrower in the event of the borrower’s default. In other words, a guarantee is a third-party assurance to a lender that if the borrower fails to repay a loan, the guarantor will assume responsibility fo......
tags: guarantee guarantor borrower guarantee guarantor party
19/07/2023
1049
Sophie
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