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FINANCIAL PLANNING MARKET RESEARCH A financial plan is most generally, a budget or plan for handling cash flow. Financial plans can allocate income to expenses and help to plan for savings. This can also involve borrowing cash, as through a loan. More specifically, it...

Standby Letter of Credit

Definition Standby Letter of Credit (SLOC/SBLC)? A standby letter of credit is a bank’s commitment of payment to a third party in the event that the bank’s client defaults on an agreement. It is a “standby” agreement because the bank will have to pay only in a...

WHAT YOU NEED TO KNOW ABOUT BANK GUARANTEE

A bank guarantee is a type of guarantee from a SBLC providers or lending institution. The bank guarantee means a lending institution ensures that the liabilities of a debtor will be met. In other words, if the debtor fails to settle a debt, the bank will cover it. A...
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