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.
In June 1950, the first military action of the Cold War began when the Soviet-backed North Korean Peopleâs Army invaded its pro-Western neighbor to the south. Many American officials feared this was the first step in a communist campaign to take over the world and deemed that nonintervention was not an option.