Letter of creditPosted In CategoryLaws and Regulations
SSubhan 2 years ago
What is letter of credit?
UUmair 2 years ago
A letter issued by a bank to another bank to serve as a guarantee for payments is called Letter of credit.
AAsmaan 2 years ago
Letter of credit is issued by a bank made to specified person under specified conditions.
AAsghar 2 years ago
A letter of credit is a letter from bank guaranteeing that a buyer's payment to a seller will be received on time.
IInnyas 2 years ago
A letter of credit is a document from a bank that guarantees payment.
AAyaan 2 years ago
A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount.
TTariq 2 years ago
There are several types of letters of credit, they are often used when buying and selling.
AAsfand 2 years ago
A commercial letter of credit is a contractual agreement between a bank, known as the issuing bank, on behalf of one of its customers.
FFaizan 2 years ago
A letter of credit is a promise by a bank on behalf of the buyer to pay the seller (beneficiary/exporter) a specified sum.
AAsama 2 years ago
Letters of Credit are normally legally binding and cannot be cancelled unless all parties agree