Within the overall line of credit, there can be a sublimit for letters of credit. For example, an asset-based lender may grant a company an overall line of $16 million, which includes $2 million for letters of credit and $14 million for loans collateralized by the receivables and inventory.
The first nuclear weapon was created by the U.S. during the Second World War and was developed to be used against the Axis powers.Scientists of the Soviet Union were aware of the potential of nuclear weapons and had also been conducting research on the field.orbachev proposed a 50% reduction of nuclear weapons for both the U.S and Soviet Union at the meeting in Reykjavik, Iceland in October 1986. However, the proposal was refused due to disagreements over Reagan's SDI.
On June 25, 1950, the Korean War began when some 75,000 soldiers from the North Korean Peopleâs Army poured across the 38th parallel, the boundary between the Soviet-backed Democratic Peopleâs Republic of Korea to the north and the pro-Western Republic of Korea to the south. This invasion was the first military action of the Cold War.