Diagnosis of a pet eye ulcer is confirmed by staining the eye with a dye that causes the ulcerated (abraded) corneal tissue to turn a greenish color. With proper treatment, most ulcers heal in three to five days.
standby time. 1  The amount of time a battery can power a portable phone once fully charged. 2  The time a battery can power a device, such as a PDA, once fully charged.  The time during which a component, circuit, device, piece of equipment, or system is in standby mode.
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.