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| (LC).
| | ''Borrowings management'' |
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| 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.
| | To pay down debt means repaying the principal, in full or in part. |
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| Letters of credit are frequently used in international trade to make funds available in a foreign location.
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| == See also == | | == See also == |
| * [[Advising bank]] | | * [[Debt]] |
| * [[Clean letter of credit]] | | * [[Pay]] |
| * [[Commercial risk]] | | * [[Principal]] |
| * [[Condition]]
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| * [[Confirmed letter of credit]]
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| * [[Confirming bank]]
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| * [[Credit]]
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| * [[Documentary credit]]
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| * [[Irrevocable letter of credit]]
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| * [[Issuing bank]]
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| * [[LOC backed]]
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| * [[Standby letter of credit]]
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| * [[Uniform Customs and Practice for Documentary Credits]]
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| ==Other links==
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| [http://www.treasurers.org/node/5279 Letters of credit and supply chain finance, Will Spinney, ACT 2009]
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| [[Category:Trade_Finance]]
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Revision as of 10:41, 9 September 2017
Borrowings management
To pay down debt means repaying the principal, in full or in part.
See also
