Bobby Perrotti on Nostr: npub15mlsk…z2w4s I think a lot of people assume it means you would be okay as long ...

npub15mlsk26z49ynfwv9m0ncuwzpkzr0nuyvjazjv7mg0l66xwjq2z2sez2w4s (npub15ml…2w4s) I think a lot of people assume it means you would be okay as long as you’re approved for that amount in credit from a bank, like a home equity line. But I can get a HELOC, never draw on it, and not be inconvenienced much at all as long as I have home equity. A standby letter actually means the bank is locking those funds up so the beneficiary (Apple) can take from it if certain conditions are met. It’s your cash but held, unable to be used for anything else.