Letters of credit are often issued in aircraft leasing transactions as an alternative to the provision of a cash security deposit and, less frequently, the obligation to pay maintenance reserves in ...

Cash security deposits (typically in the amount of one or two month’s rent) have been the traditional form of tenant credit enhancement required by commercial landlords. However, in instances where ...

In their Financing column, Jeffrey B. Steiner and Jason R. Goldstein of DLA Piper discuss the various approaches by which a lender can secure an interest in a letter of credit held by a borrower on ...

In the world of buying and selling, which encompasses just about any kind of commerce, a letter of credit is an important financial tool. Specifically, a letter of credit is a letter from a bank ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...

Failing tenants can be a nightmare for commercial real estate landlords. At best, the tenants will leave the premises voluntarily, possibly resulting in months of lost rent as well as various costs (e ...

COSO JUNCTION, Calif.--(BUSINESS WIRE)--Coso Geothermal Power Holdings, LLC announced today that the company’s approximately $15.2 million letter of credit issued to support performance security ...