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.
A letter of credit is a document in which a bank guaranteeing that the seller will receive payments for his goods, It is safe way of payments in this bank (buyer) guaranteed to pay the cost of product to the bank (seller).