Letter of Guarantee6 ^8 X* ]/ Y8 J3 j" a
A document issued by a bank, which acts as a guarantee of payment to a beneficiary for a specified period and up to a specified amount.7 V; U/ S3 v2 Y9 v U# _
Legal Entity0 Y4 v1 c# J# [
A person or a company, which is legally allowed to enter into a contract and can be sued if the contractual obligations are not met.
! J5 ~7 V1 c* |& M$ E$ j Balance Sheet; p+ T! ]! }1 t& \* d7 f
A summary of a company's financial condition at a given point in time. Contains information on assets, liabilities, net worth, etc.: T$ |. j# j: e% [4 ^
Cash Flow Statement) I+ s$ e( d# i5 _! w! ~# q
A detailed document showing all company income and expenses. Where income exceeds expenditure, the company has a positive cash flow.+ @. k; @: R! K1 M. b5 c4 W
Credit Line$ i2 O1 n. W3 t/ ?) f) e: I
An arrangement in which a bank offers to provide a specified amount of credit to a borrower for a certain period of time. |