L C Credit Extension definition: Copy, customize, and use instantly
Introduction
The term "L C Credit Extension" refers to a financial agreement in which a lender provides a line of credit, often related to a letter of credit (L C), for the purposes of financing transactions or obligations. It is essential for defining the terms of access to credit, the amount, and the specific conditions under which the credit can be drawn or extended.
Below are various examples of how "L C Credit Extension" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "L C Credit Extension" as a general financing agreement
This definition ties "L C Credit Extension" to the general concept of credit extension.
"L C Credit Extension" means the provision of credit under a letter of credit arrangement, whereby the lender extends a credit limit to the borrower for the purpose of facilitating specific transactions as outlined in the credit agreement.
Definition of "L C Credit Extension" as a short-term credit line
This definition connects "L C Credit Extension" to a short-term financial facility.
"L C Credit Extension" refers to a short-term credit line provided by the lender through a letter of credit, which may be drawn upon by the borrower to cover specific financial needs or obligations within a set period.
Definition of "L C Credit Extension" as a revolving credit facility
This definition links "L C Credit Extension" to a revolving credit line.
"L C Credit Extension" means a revolving line of credit provided by the lender under a letter of credit agreement, enabling the borrower to draw funds multiple times up to a pre-approved credit limit during the term of the credit facility.
Definition of "L C Credit Extension" as a conditional agreement
This definition applies "L C Credit Extension" to a conditional credit arrangement.
"L C Credit Extension" refers to a credit extension made under the terms of a letter of credit, where the funds may be advanced subject to specific conditions being met by the borrower or third parties involved in the transaction.
Definition of "L C Credit Extension" as a secured line of credit
This definition ties "L C Credit Extension" to a secured financing structure.
"L C Credit Extension" refers to a secured line of credit provided under a letter of credit, where the borrower is required to provide collateral to the lender as security for any amounts drawn under the facility.
Definition of "L C Credit Extension" as an export/import financing tool
This definition connects "L C Credit Extension" to international trade financing.
"L C Credit Extension" means the provision of credit through a letter of credit to facilitate international trade transactions, enabling the exporter to receive payment and the importer to secure the goods or services in accordance with the terms of the credit.
Definition of "L C Credit Extension" as a trade finance tool for large transactions
This definition links "L C Credit Extension" to large-scale business transactions.
"L C Credit Extension" refers to the extension of credit in the form of a letter of credit, typically used in large transactions to provide assurance to both the buyer and seller that financial obligations will be met.
Definition of "L C Credit Extension" as a non-revolving credit line
This definition ties "L C Credit Extension" to a non-revolving structure.
"L C Credit Extension" means a non-revolving line of credit under a letter of credit, where the borrower may draw funds up to a fixed amount for a specific period, with no ability to borrow again once the credit is fully utilized.
Definition of "L C Credit Extension" as a standby credit facility
This definition connects "L C Credit Extension" to a standby arrangement.
"L C Credit Extension" refers to a standby credit facility provided under a letter of credit, enabling the borrower to access funds only in the event of an emergency or when certain pre-defined conditions are met.
Definition of "L C Credit Extension" as a multi-currency facility
This definition links "L C Credit Extension" to multi-currency use.
"L C Credit Extension" means a line of credit offered under a letter of credit arrangement, which allows the borrower to draw funds in multiple currencies, subject to the credit terms and exchange rates in effect at the time of the draw.
Definition of "L C Credit Extension" as a corporate borrowing facility
This definition applies "L C Credit Extension" to corporate borrowing.
"L C Credit Extension" refers to a credit extension under a letter of credit that is issued for the benefit of a corporation, allowing the company to access funds for operational or capital expenditures as specified in the facility agreement.
Definition of "L C Credit Extension" as a trade-specific credit instrument
This definition ties "L C Credit Extension" to trade-specific uses.
"L C Credit Extension" refers to a credit arrangement in which the lender extends a credit line to facilitate the purchase and sale of goods or services, ensuring payment to the seller and funding for the buyer, as defined in the terms of the letter of credit.
Definition of "L C Credit Extension" as a credit facility with conditional guarantees
This definition connects "L C Credit Extension" to guarantees.
"L C Credit Extension" means the provision of credit under a letter of credit, where the lender’s obligation to advance funds is subject to the fulfillment of specified conditions or guarantees provided by the borrower.
Definition of "L C Credit Extension" as a fixed-term credit line
This definition links "L C Credit Extension" to a fixed duration.
"L C Credit Extension" refers to a credit extension under a letter of credit with a predetermined term, within which the borrower can draw funds, and upon expiration, any unused portion of the credit line is no longer available.
Definition of "L C Credit Extension" as a performance-related facility
This definition applies "L C Credit Extension" to performance conditions.
"L C Credit Extension" refers to a credit line provided under a letter of credit that is contingent upon the borrower meeting specific performance metrics or milestones, with the lender only extending credit upon satisfaction of these conditions.
Definition of "L C Credit Extension" as a credit limit for international business
This definition connects "L C Credit Extension" to international trade.
"L C Credit Extension" means a credit limit provided under a letter of credit, specifically designed for international business transactions, allowing the borrower to manage cross-border trade obligations effectively.
Definition of "L C Credit Extension" as an unsecured credit facility
This definition ties "L C Credit Extension" to an unsecured credit structure.
"L C Credit Extension" means a line of credit provided under a letter of credit arrangement, where no collateral is required from the borrower, and the lender extends the credit based on the borrower's creditworthiness.
Definition of "L C Credit Extension" as a credit arrangement for seasonal business needs
This definition connects "L C Credit Extension" to seasonal operations.
"L C Credit Extension" refers to a credit facility designed to meet the seasonal working capital needs of a business, with the credit being available under the terms of a letter of credit for specific periods or cycles during the year.
Definition of "L C Credit Extension" as an extension to finance inventory purchases
This definition links "L C Credit Extension" to inventory financing.
"L C Credit Extension" means a credit facility under a letter of credit agreement that allows the borrower to access funds specifically for purchasing inventory, with repayment terms aligned to the turnover of inventory.
Definition of "L C Credit Extension" as a facility for covering overdue invoices
This definition applies "L C Credit Extension" to overdue accounts.
"L C Credit Extension" refers to a credit line extended under a letter of credit to enable the borrower to pay overdue invoices or outstanding debts, ensuring the financial obligations are met promptly.
Definition of "L C Credit Extension" as a secured trade finance arrangement
This definition ties "L C Credit Extension" to a secured trade agreement.
"L C Credit Extension" refers to a secured trade finance arrangement under a letter of credit, where the borrower provides security or collateral in exchange for the credit extended to facilitate trade transactions.
Definition of "L C Credit Extension" as a facility for capital expenditures
This definition connects "L C Credit Extension" to capital projects.
"L C Credit Extension" means a line of credit provided under a letter of credit to finance capital expenditures, such as the purchase of equipment, property, or other fixed assets required for the business.
Definition of "L C Credit Extension" as a trade financing tool for long-term contracts
This definition links "L C Credit Extension" to long-term business agreements.
"L C Credit Extension" refers to a credit extension under a letter of credit that is used to finance long-term contracts, enabling the borrower to meet the financial requirements of extended projects or agreements.
Definition of "L C Credit Extension" as a facility with a drawdown feature
This definition applies "L C Credit Extension" to a drawdown feature.
"L C Credit Extension" means a credit line under a letter of credit where the borrower has the ability to draw funds at various intervals, subject to the terms set forth in the agreement.
Definition of "L C Credit Extension" as a financing tool for international projects
This definition ties "L C Credit Extension" to cross-border projects.
"L C Credit Extension" refers to a credit facility under a letter of credit that is utilized for financing international projects, ensuring both the lender and borrower are protected in foreign transactions.
Definition of "L C Credit Extension" as an overdraft facility
This definition connects "L C Credit Extension" to an overdraft arrangement.
"L C Credit Extension" means an overdraft facility extended by a lender under a letter of credit, which allows the borrower to withdraw more than their available balance up to a specified limit, provided the terms of the credit are met.
Definition of "L C Credit Extension" as a bridge financing tool
This definition links "L C Credit Extension" to short-term funding.
"L C Credit Extension" refers to a bridge financing facility under a letter of credit, providing short-term funds to cover immediate financial needs until long-term financing is secured.
Definition of "L C Credit Extension" as a facility linked to letter of credit utilization
This definition applies "L C Credit Extension" to utilization terms.
"L C Credit Extension" refers to a credit facility where the borrower is allowed to utilize the line of credit only in the context of specific letters of credit issued for trade or other business purposes.
Definition of "L C Credit Extension" as a facility for funding export operations
This definition connects "L C Credit Extension" to export financing.
"L C Credit Extension" means a credit line provided under a letter of credit, specifically designed to finance the export operations of the borrower, covering the costs of production, transportation, and other export-related expenses.
Definition of "L C Credit Extension" as a term loan structured under letter of credit
This definition ties "L C Credit Extension" to a term loan structure.
"L C Credit Extension" refers to a term loan extended under the terms of a letter of credit, allowing the borrower to repay the loan over a set period, with the loan secured by the letter of credit.
Definition of "L C Credit Extension" as a credit arrangement for managing working capital
This definition connects "L C Credit Extension" to working capital.
"L C Credit Extension" refers to a credit facility extended under a letter of credit to manage short-term working capital needs, ensuring the borrower has the necessary funds to meet operational expenses.
Definition of "L C Credit Extension" as a finance facility for product imports
This definition links "L C Credit Extension" to product imports.
"L C Credit Extension" means a credit extension provided under a letter of credit, specifically for financing the importation of goods, ensuring the importer can pay for the products while managing cash flow.
Definition of "L C Credit Extension" as a facility for financing capital projects in the energy sector
This definition applies "L C Credit Extension" to the energy sector.
"L C Credit Extension" refers to a credit facility under a letter of credit, designed to finance large capital projects in the energy sector, ensuring the borrower has access to funding for infrastructure development and operations.
Definition of "L C Credit Extension" as a revolving credit facility for trade finance
This definition ties "L C Credit Extension" to revolving trade finance.
"L C Credit Extension" means a revolving line of credit under a letter of credit arrangement that is available for use in multiple trade transactions, with the ability to draw and repay funds as needed within the agreed term.
Definition of "L C Credit Extension" as an alternative to traditional bank loans
This definition connects "L C Credit Extension" to alternative lending sources.
"L C Credit Extension" refers to a credit facility provided under a letter of credit, serving as an alternative to traditional bank loans, often used for trade-related or short-term financing needs.
Definition of "L C Credit Extension" as a structured financial product for importers
This definition links "L C Credit Extension" to importer-specific financial needs.
"L C Credit Extension" means a financial product under a letter of credit, specifically structured to provide credit to importers, ensuring they can finance goods and services from foreign suppliers.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.