Hedge Fund Glossary

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Commercial Letter of Credit

a Letter of Credit the purpose of which is to provide a means of facilitating payments between parties in the normal course of business. Commercial Letters of Credit are therefore intended to be drawn on and used routinely by the parties. Compare Standby Letter of Credit.

Hedge Fund Glossary Index ›

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is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.

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