What does SBLC mean in Law & Legal?

This page is about the meanings of the acronym/abbreviation/shorthand SBLC in the Governmental field in general and in the Law & Legal terminology in particular.

Small Business Legal Centre

Governmental » Law & Legal

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Definition

What does SBLC mean?

SBLC
A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, when the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter that assumes the counterparty risk of the buyer paying the seller for goods.

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"SBLC." Abbreviations.com. STANDS4 LLC, 2024. Web. 18 Apr. 2024. <https://www.abbreviations.com/term/1541405>.

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    EOD
    A Earnings Of Dividends
    B End Of Delivery
    C Estimate Of Delivery
    D End Of Day