Business / Agriculture / Commodity Letters Of Credit (CLOC): Food instruments issued in lieu of commodities to certain designated schools participating in the National School Lunch Program. These letters of credit specify the types of foods that schools must buy, which are the same types of foods being donated to other schools by USDA under the commodity distribution program.
Credit Verb Synonyms: ascribe, acknowledge, attribute, assign, impute
Credit Noun Synonyms: belief, faith, trust, credence
Letters Noun Synonyms: literature, the humanities, belles-lettres, the classics, erudition, culture, the world of letters, learning, scholarship
Business / Taxes / Paper Profit (Or Loss): If you own an asset that increases in value, any increase in value is a paper profit, or unrealized gain. If you sell the asset for more than you paid to buy it, your paper profit becomes an actual pr MORE
Business / Finance / Pairoff: A buyback to offset and effectively liquidate a prior sale of securities. MORE