Glossary / finance terms
Letter of credit (LC)
A bank undertaking to pay a beneficiary against a complying presentation under its terms.
Why the distinction matters
Separate an LC facility limit from an issued LC and from a paid claim. Utility security may enable a connection process without certifying delivery of power.
Read the structure
A financing framework for land, connection rights and delivery risk.
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Letter of credit in the filed documents
Where the term turns up in filed contracts and what is market, for the lender’s or the borrower’s side. Previews are open; the full text is free with InfraCompute Weekly.
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Related terms
Explanatory definition, not a statement that a particular transaction contains this term or a substitute for its contractual definition.
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