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Standby letter of credit (SBLC): Operates like a commercial letter of credit, except that typically it is retained as a standby instead of being the intended payment mechanism. In other words, this is an LC which is intended to provide a source of payment in the event of non-performance of contract.
SBU – Strategic Business Unit; SBLC – Stand By Letter of Credit; SCM – Supply Chain Management; SCBA – Social Cost Benefit Analysis; SEBI – Securities and Exchange Board of India; SEC – Securities and Exchange Commission; SEDOL – Stock Exchange Daily Official List; SF – Structured Finance; SG&A – Sales, General, and ...
The South Bay Labor Council, AFL–CIO (SBLC), is the labor council of Santa Clara and San Benito counties in California's Bay Area. The SBLC is affiliated with the AFL–CIO, one of the national labor confederations of the United States. The SBLC represents over 100,000 men and women of 101 unions in Silicon Valley.
Commercial law (or business law), [1] which is also known by other names such as mercantile law or trade law depending on jurisdiction; is the body of law that applies to the rights, relations, and conduct of persons and organizations engaged in commercial and business activities.
Business law consists of many different areas of law, including: contracts, the law of corporations and other business organizations, securities law, intellectual property, antitrust, secured transactions, commercial paper, income tax, pensions and benefits, trusts and estates, immigration law, labor law, employment law, and bankruptcy. It is a ...
“The RISPERDAL Base business is rooted in the Schizophrenia marketplace,” the plan acknowledged—as if “legally allowed to be marketed in” really only meant “rooted.” But that would not be an impediment, because, the plan noted, “The child/adolescent … segment (19 years and under) is growing at a rate of 17% and is currently ...
A bank lending against an SBLC alone in such a manner would in effect be purposefully underwriting a loan with the expectation that there was to be a default, which is not something bank regulators would approve. [citation needed] Demand Guarantee can be issued as the primary means for meeting the loan or facility repayment terms.
Book of business is common parlance in the United States legal services sector and refers to the collection of clients that a lawyer (usually a partner) has assembled throughout their career. Since most U.S. law firms are organized as limited liability partnerships or professional corporations , each partner is usually responsible for acquiring ...