What does letter bond mean?
Definitions for letter bond
let·ter bond
This dictionary definitions page includes all the possible meanings, example usage and translations of the word letter bond.
Princeton's WordNet
letter bondnoun
a bond that has not been registered with the Securities and Exchange Commission and cannot be sold to the general public
ChatGPT
letter bond
A letter bond is a legal document that confirms or guarantees an obligation, such as a performance, payment, or agreement. This is typically issued by a financial institution on behalf of a client, acting as a form of credit enhancement. The letter bond serves as an assurance that if the client fails to fulfill the specified obligation, the financial institution will be held responsible for the payment. However, it's worth noting that the terminology isn't widely or universally applied, and precise details may vary based on location and legal jurisdiction.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of letter bond in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of letter bond in Pythagorean Numerology is: 7
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"letter bond." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/letter+bond>.
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