Letters of credit are often issued in aircraft leasing transactions as an alternative to the provision of a cash security deposit and, less frequently, the obligation to pay maintenance reserves in ...

In the last column, we defined letters of credit and explored, generally, how they are employed. In this column, we will consider the necessary form and content of a letter of credit, the issuer’s ...

In their Financing column, Jeffrey B. Steiner and Jason R. Goldstein of DLA Piper discuss the various approaches by which a lender can secure an interest in a letter of credit held by a borrower on ...

Letters of Credit (LOCs) have long been used to minimize the financial risk of international purchase agreements. Sellers and buyers may agree to use LOCs to ensure that goods are received and payment ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...

In the world of buying and selling, which encompasses just about any kind of commerce, a letter of credit is an important financial tool. Specifically, a letter of credit is a letter from a bank ...

A letter of credit guarantees payment to sellers in international trade. Not all letters of credit are transferable; terms vary. Letters of credit differ from lines of credit, mainly not involving ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Michael Logan is an experienced writer, producer, and editorial leader. As a journalist, he ...