Mezzanine Financing

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Mezzanine financing is any subordinated debt that is only senior to a company’s common stock and junior to any type of secured financing. Mezzanine financing is structured either as debt…

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Long-Term Debt (LTD)

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Long-Term Debt (LTD) are loans or other financial obligations that are being paid down over the span over more than one year. You will find long-term debt in the long…

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Lock Box Payment Services

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Lock Box Payment is a service provided by banks and finance companies to clients for the receipt of payment from customers (Account Debtors). Under the service, the payments made by…

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Line Credit Account

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A line of credit is a revolving loan account which allows you to draw money when you need it from a bank or asset-based lender. Interest charges only occur once…

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Line of Credit (LOC)

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A Line of Credit (LOC) is a credit facility provided to the government, business or individual by a financial institution or another commercial funder. The borrower can typically draw down…

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LIBOR Rate

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LIBOR or ICE LIBOR (previously BBA LIBOR) is a benchmark rate that some of the world’s leading banks charge each other for short-term loans. It stands for IntercontinentalExchange London Interbank…

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Letter of Credit (L/C)

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A Letter of Credit (L/C) is payment arrangement used typically in International Trade. The issuing bank guarantees that an exporter will receive payment in full as long as certain delivery…

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