Business Dictionary

Backup Line of Credit
A bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank.
Related Articles
• Obtaining and Analyzing Franchise Financial Information
AllBusiness.com - If you are serious about a particular franchise opportunity, make sure you get and carefully review the Uniform Franchise Offering Circular (UFOC).
• From Storeroom to Store Shelves
Entrepreneur.com - Neil Reilly, 46, a former commodities trader, used to walk the streets of Manhattan after the markets closed, trying to pitch his organic, kosher dog treats to retailers. Now ...
• National Origin Discrimination in the Workplace
NOLO.COM - It is illegal to harass or discriminate against an employee or an applicant for employment based on national origin. The federal law that prohibits national origin discrimination ...
• What Do Buyers Really Want?
Inc.com - A buyer is usually looking for a company whose cash flow can cover its current operating expenses plusthree other numbers: 1) the salary that the new owner hopes to earn or plans ...
• Failure Isn't Fatal
Entrepreneur.com - In early 2000, Thea Snyder was riding the crest of the internet wave. Her company, 1call4all.com, promised to connect movers with utilities and services all across the country. ...