The Green Monster is the nickname of the 37.167 feet (11.329 m) left field wall in the park. It is located 310 to 315 feet (94 to 96 m) from home plate; this short distance often benefits right-handed hitters.
Anatomy of a TRAC Lease. Under Todayâs GAAP and Likely Future GAAP. By Bill Bosco, Leasing 101. A TRAC (Terminal Rental Adjustment Clause) lease is a unique lease in that it is the only lease. where a lessee can provide a âfirst lossâ residual guarantee to the lessor yet the lease is viewed. as a true lease for IRS tax purposes. The Terminal Rental Adjustment Clause provides for a.
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.