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What is another word for SUB LC?

Pronunciation: [sˈʌb ˌɛlsˈiː] (IPA)

Synonyms for the term "SUB LC" include "subordinate letter of credit" or "secondary letter of credit". A "SUB LC" refers to a financial instrument where a seller obtains a letter of credit from their buyer's bank, and then uses this document to secure a separate letter of credit issued to their own supplier or provider. Essentially, it serves as a collateral for the primary letter of credit. Other similar terms often used interchangeably with "SUB LC" include "back-to-back LC" or "counter LC". Each of these synonyms highlights the same concept of creating a chain of letters of credit, ensuring a smoother financial transaction between multiple parties.
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What are the opposite words for SUB LC?

The term "SUB LC" stands for sub-limit letter of credit, which refers to a credit facility extended by a bank to its customer for a specified amount, often with conditions and restrictions. While there are no direct antonyms to the term "SUB LC," there are several related terms that can be considered as opposites, such as "unrestricted credit," "unconditional letter of credit," or "open credit." These terms denote a credit facility that is not limited or restricted in any way, providing the borrower with complete flexibility and freedom to use the credit as they see fit. In contrast, SUB LCs often come with strings attached, as lenders seek to mitigate risk and ensure repayment.

What are the antonyms for Sub lc?

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