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A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A financial institution makes available an amount of credit to a business or consumer during a specified period of time. [1]
A home equity line of credit, or HELOC (/ˈhiːˌlɒk/ HEE-lok), is a revolving type of secured loan in which the lender agrees to lend a maximum amount within an agreed period (called a term), where the collateral is the borrower's property (akin to a second mortgage).
Image 1: After a contract is concluded between a buyer and a seller, the buyer's bank supplies a letter of credit to the seller. Image 2: The seller consigns the goods to a carrier in exchange for a bill of lading. Image 3: The seller provides the bill of lading to the bank in exchange for payment. The seller's bank then provides the bill to ...
The LAC is different from the borders claimed by each country in the Sino-Indian border dispute. The Indian claims include the entire Aksai Chin region and the Chinese claims include Arunachal Pradesh/Zangnan. These claims are not included in the concept of "actual control". The LAC is generally divided into three sectors: [5] [9]
This is a list of abbreviations used in a business or financial context. ... $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600 ...
UN map showing Siachen in white. Line between the green and white area is the "Actual Ground Position Line" (AGPL). The white area east of the AGPL is held by India. Indo-Pak mutually-agreed undisputed "International Border" (IB) in the black line, Indo-Pak "Line of Control" (LoC) in black dotted line in the north and west, Indo-Sino "Line of Actual" (LAC) in black dotted line in the east ...
Letter of Credit LoC or L/C, is a letter from a bank or insurance company guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount Limit of convection or equilibrium level, the height at which a rising parcel of air is at the same temperature as its environment
In finance, a locate is an approval from a broker that needs to be obtained prior to effecting a short sale in any equity security, i.e. to "locate" securities available for borrowing. The requirement, in the United States, to locate a stock before 'shorting' has existed for a long time. Regulation SHO was announced by the SEC in July 2004.