Deferred payment letter of credit: Difference between revisions
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imported>Doug Williamson (Create page. Source: Usance letter of credit page.) |
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Revision as of 15:42, 1 May 2018
(Deferred payment LC).
A deferred payment letter of credit is a letter of credit payable at a predetermined future date, after the conforming documents are presented.
Deferred payment LCs are also known as usance LCs, time LCs or term LCs (contrasted with sight LCs).
