letter of credit

The French bank, which did business in Sudan from the late 1990s until 2009, provided letters of credit that allowed Sudan to honor import and export commitments.

A lawyer for James, Dennis Fan, in response called Trump's filing "procedurally improper" and argued Trump has not explained why he can't post his real estate or obtain a letter of credit.

The bill would also limit the value of security deposits and letters of credit required for commercial leases.

While customers usually pay up front and in dollars, "we had to resort to letters of credit with those buyers from Pakistan", said Muthaura.

In March, to make up for the lost payments, the landlord used a letter of credit deposited by Twitter for $968,000.