Examlex
13-31 As compared to LCs,SLCs typically are used to cover contingencies that potentially are more severe and which may not be trade related.
Disbursement of Funds
The act of paying out or distributing money, such as dividends to shareholders or expenditures to fulfill obligations or purchase assets.
Collateral Position
The assets that a borrower offers to a lender as security for the repayment of a loan, potentially forfeited in case of default.
Disbursement of Funds
The act of paying out money from a fund or account to cover expenses or investments.
Collateral Position
Collateral is property or assets that a borrower offers to a lender as security for a loan, which can be taken by the lender if the borrower fails to repay.
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