Letter of Guarantee3 h9 Z, \( [4 J: A* [3 O
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.
S, B: Z& |# w8 f Legal Entity
, \# R* H# y, g8 ^, I 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.
. y2 `; |0 Y- |/ Z* w% ]' S6 z% ] Balance Sheet, n$ t! \, c1 r P9 ?3 G8 T" M
A summary of a company's financial condition at a given point in time. Contains information on assets, liabilities, net worth, etc.
. E8 r. b u" I$ i" G; `5 N Cash Flow Statement9 E8 [! o @7 Q5 [: t
A detailed document showing all company income and expenses. Where income exceeds expenditure, the company has a positive cash flow./ \; S/ J1 @* H( e. Z6 Q
Credit Line
* M. p# H F; Y An arrangement in which a bank offers to provide a specified amount of credit to a borrower for a certain period of time. |