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.
exceed one year, a term loan would be inappropriate since the day-to-day capital needs will vary. A variant of the revolving loan is the revolving standby credit facility, a particular type of which is known as a swingline facility. A standby credit facility is a committed facility which is used in tandem with another cheaper source