BILL IN PLACE Definition

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BILL IN PLACE see SHIP IN PLACE.

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T as the fifth letter in a Nasdaq stock symbol indicates that the stock has warrants or rights.

LETTER OF GUARANTEE is a written promise issued by a bank to compensate (pay a sum of money) to the beneficiary (third party, local or foreign) in the event that the obligor (customer) fails to honor its obligations in accordance with the terms and conditions of the guarantee/agreement/contract.

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