Definition of mechanical: Camera-ready, final layout of all elements of a work to be reproduced through a commercial printing process. It is a pasteup of the typeset text and images on a sheet of paperboard, usually with a ...
Standby Letter of Credit. A statement issued by a bank to the buyer of a good stating that the seller will receive payment on time and in the correct amount. If the buyer fails to make payment, the bank will do so on his/her behalf.
U.S. Bank specialists help you structure letter of credit terms that meet the needs of your specific trade or standby transaction. We help you explore angles you might have overlooked, including foreign currency issues, risk mitigation, trade insurance, and finance options.