Deed and Letter of credit: Difference between pages
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imported>Doug Williamson m (Spacing 22/8/13) |
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(LC). | |||
A | A promise document issued by a bank or another issuer to a third party to make a payment on behalf of a customer in accordance with specified conditions. | ||
Letters of credit are frequently used in international trade to make funds available in a foreign location. | |||
== See also == | == See also == | ||
* [[ | * [[Advising bank]] | ||
* [[ | * [[Clean letter of credit]] | ||
* [[ | * [[Commercial risk]] | ||
* [[ | * [[Condition]] | ||
* [[ | * [[Confirmed letter of credit]] | ||
* [[Confirming bank]] | |||
[[ | * [[Credit]] | ||
[[ | * [[Documentary credit]] | ||
* [[Irrevocable letter of credit]] | |||
* [[Issuing bank]] | |||
* [[LOC backed]] | |||
* [[Standby letter of credit]] | |||
* [[Uniform Customs and Practice for Documentary Credits]] | |||
Revision as of 11:32, 22 August 2013
(LC).
A promise document issued by a bank or another issuer to a third party to make a payment on behalf of a customer in accordance with specified conditions.
Letters of credit are frequently used in international trade to make funds available in a foreign location.
