Confirmed letter of credit: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing) |
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''International trade''. | ''International trade''. | ||
Letter of credit to which the advising bank adds its confirmation to the credit, assuring the exporter that payment will be made under the terms of the letter of credit even if the issuing bank defaults. | Letter of credit to which the advising bank adds its confirmation to the credit, assuring the exporter that payment will be made under the terms of the letter of credit even if the issuing bank defaults. | ||
== See also == | == See also == | ||
* [[Letter of credit]] | * [[Letter of credit]] | ||
Revision as of 06:35, 3 August 2013
International trade.
Letter of credit to which the advising bank adds its confirmation to the credit, assuring the exporter that payment will be made under the terms of the letter of credit even if the issuing bank defaults.
