Term letter of credit: Difference between revisions
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* [[Sight]] | * [[Sight]] | ||
* [[Standby letter of credit]] | * [[Standby letter of credit]] | ||
* [[Term]] | |||
* [[Trade finance]] | * [[Trade finance]] | ||
* [[Usance]] | * [[Usance]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 14:08, 6 July 2022
(Term LC).
A term letter of credit is a letter of credit payable at a predetermined future date, after the conforming documents are presented.
Term LCs are also known as usance LCs, time LCs or deferred payment LCs (contrasted with sight LCs).
