Stand by Letter of Credit : A Letter of Credit which provides for a single draw should the bonds be declared to be in default and therefore accelerated by the Trustee involved
Ilan Kelman (ed.), Vulnerability and Resilience Definitions and References, Version 2, 2007. http://www.islandvulnerability.org/docs/vulnres.pd f, (Vulnr and Resilience - Brit) {524}