Letter of Guarantee A document issued by a bank, which acts as a guarantee of payment to a beneficiary for a specified period and up to a specified amount. Legal Entity A person or a company, which is legally allowed to enter into a contract and can be sued if the contractual obligations are not met. Balance Sheet A summary of a company's financial condition at a given point in time. Contains information on assets, liabilities, net worth, etc. Cash Flow Statement A detailed document showing all company income and expenses. Where income exceeds expenditure, the company has a positive cash flow. Credit Line An arrangement in which a bank offers to provide a specified amount of credit to a borrower for a certain period of time. |