Back to back credit

Back to back credit

Guarantee (standby credit) arranged to secure a contractor's or seller's performance at the same time a guarantee (standby credit) is arranged to secure the owner's or buyer's payment. Also called back to back guarantee or reciprocal credit. See also back to back letter of credit.

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Part of Speech: noun
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Industry/Domain: Law
Category: Contracts
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Industry/Domain: Arts & crafts Category: Modern art

A tool to deceive and slaughter

Created by Caleb Larson to bring to a work of art, it is impossible to collect. A black box measuring eight cubic inches, entirely featureless, except ...