A letter of credit obligates to disburse one or more banks favoured money up to a certain maximum amount. The letter of credit is displaced more and more by the cheque.

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Letter of credit

Articles in category "Letter of credit"

We found here 19 articles.

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• Legal Definition of 'Letter Of Credit'
  The Legal Term * Letter Of Credit * Defined & Explained. A letter addressed by a bank, at the insurance and responsibility of a buyer of merchandise, ...


• Letter of Credit
  letter of credit information and help. ... A letter of credit is a banking mechanism which allows importers to offer secure terms to exporters. ...


• Letter of credit - Wikipedia, the free encyclopedia
  A letter of credit, often abbreviated as an LOC or LC, and also referred to as a ... The parties to a letter of credit are usually a beneficiary who is to ...


• letter of credit Definition
  letter of credit - definition of letter of credit - L/C. A binding document that a buyer can request from his bank in order to guarantee that the payment ...


• SITPRO Trade Briefings: Letter of Credit Checklists and Guides
  SITPRO is the UK's trade facilitation body and is dedicated to simplifying the international trading process by cutting red tape.


• Understanding and Using Letters of Credit, Part I
  Letters of credit may be either revocable or irrevocable. ... The irrevocable letter of credit may not be revoked or amended without the agreement of the ...