ONTOLOGY EXPLORER
letter of credit
<https://spec.edmcouncil.org/fibo/ontology/FBC/DebtAndEquities/Guaranty/LetterOfCredit>
プロパティと値
| プロパティ | 値 |
|---|---|
| type | Class |
| label | "letter of credit" |
| subClassOf | CommittedCreditFacility |
| subClassOf | _:c14n2968 |
| subClassOf | _:c14n51 |
| definition | "letter from a bank or other creditworthy institution guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount" |
| abbreviation | "L/C" |
| explanatoryNote | "In some states in the U.S., the issuer is not limited to financial institutions -- it is simply a written instrument, addressed by one person to another, requesting the latter to give credit to the person in whose favor it is drawn." |
| explanatoryNote | "In the event that the buyer is unable to make payment, the bank or other issuer is required to cover the full or remaining amount." |