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A comment on Twitter is being evicted from its Boulder office over unpaid rent. Parent comment

Re:Twitter is being evicted from its Boulder office over unp... by eadler on Wednesday June 14, 2023 @03:44PM (#36331503)
It's not a prepayment. It's a line of credit. Think closer to a credit card with a limit instead of money out of pocket.
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Re:Twitter is being evicted from its Boulder office over unp... by gingerrr on Wednesday June 14, 2023 @04:47PM (#36332401)
The difference between a line of credit and a letter, afaik, is you can't regenerate available credit with a letter by paying back. The letter of credit is a one-time sum, so you can't pay down partway through to extend the lifetime loan amount.

I'm not a financial analyst so take with grain of salt, that's just how I'd heard it discussed in banking.

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Re:Twitter is being evicted from its Boulder office over unp... by donedeals on Thursday June 15, 2023 @12:53AM (#36336551)
It’s a letter of credit not line of credit. It’s basically a certified check in a way.
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