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Letter of Credit

what is letter of credit
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What is Letter of Credit?

A letter of credit is issued (opened) bank a Bank on the request of his buyer customer in favour of seller, which is an undertaking by the bank to make payment to the seller if fulfills his obligations. The process of Letter of Credit is described in the following images and also Read more…

By BankersClub, 7 yearsApril 15, 2018 ago
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