Your browser doesn't support HTML5 audio
Definition | : | Letter Of Undertaking |
Category | : | Governmental » Law & Legal |
Country/ Region |
: | Worldwide
|
Popularity | : |
|
Letter Of Undertaking (LOU) is an assurance by one party to another party that they will undertakes or fulfill the obligation that had been previously agreed on.
In banking, Letter of Undertaking (LOU) is a form of document issued by a bank to a person or a firm. LOU is a bank guarantee given by one bank to another bank to repay a loan on behalf of a client. LOU is generally used for international transactions.
Bowman Field
Airport Codes
|
|
Lyon Olympique Universitaire
Outdoor & Adventure
|
|
The full form of LOU is Letter Of Undertaking