The thinnest phone you can buy in America is $199 unlocked, and it's beautiful. Blu Products is back again with the Vivo Air. You've probably still never heard of Blu Products, even though the Miami-based company has built a big business selling unlocked phones in developing markets. The company continues to prove that it's easier and simpler than ever to build a beautiful smartphone, and to sell it for next to nothing.
#11: Letter of intent: Often referred to as a LOI, a letter of intent to lease a commercial office space is a written document that solidifies the tenantâs commitment to rent the space. This comes before signing the lease agreement and typically summarizes the terms of the lease including the negotiations, concessions, and timeframes agreed to.
standby letter of credit. Usually shortened to standby or to LOC. It is the agreement by a lender to disburse funds to a third party if the lender's customer defaults on its obligations to that third party (called the beneficiary). Rather than pay a large security deposit for a lease, a tenant might offer the landlord a standby letter of credit (LOC) issued by the tenant's bank. For all but the most exceptionally credit-worthy customers, the bank will usually require cash collateral in the form of a certificate of deposit or comparable asset.