Resource title

Letters of Credit

Resource image

image for OpenScout resource :: Letters of Credit

Resource description

A letter of credit is a bank's written commitment ensuring that payment will be made to a seller of goods according to conditions specified by the buyer. A letter of credit allows the seller to draw on the issuing bank for payment.

Resource author

Resource publisher

Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/encyclopedia/Kor-Man/Letters-of-Credit.html

Resource license

Copyright © 2011 Advameg, Inc.