Standby Letters of Credit: Important Protection for Creditors

Good faith is an important concept in the world of business. In fact, without it, very little would probably happen. This is especially true when one person attempts to do business with another, except when problems arise after one party defaults on an agreement regarding payment. It is for these cases that one party (the one being paid) asks for a standby letter of credit, or an SLOC. These are also called non-performing letters of credit.

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The Best Way To Capitalize On Index Annuity Rates

An index annuity is a contract between a financial institution and a policy holder which can guarantee returns in the future for an initial investment now. This is a good option for those who are looking to make an investment in the present to guarantee future returns for themselves as they grow older or for their heirs who will inherit their wealth at some point down the line. Index annuity rates should be considered carefully before purchasing in order to make the right decision about which type of annuity to buy and what type of investment should be made.

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