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Standby Letter Of Credit

Standby letter of credit (SBLC) can be used to secure a variety of transactions where third party guarantees of payment may replace a cash or bond deposit.

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Standby letter of credit (SBLC) can be used to secure a variety of transactions where third party guarantees of payment may replace a cash or bond deposit. Transactions that are typically secured by a Standby letter of credit include: 
lease, mortgage, performance bond.

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