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deferred payment letter of credit ECON

cash letter of credit personal l-c ECON

Monolingual examples (not verified by PONS Editors)

English
This is where an export letter of credit can help.
www.theregister.co.uk
A letter of credit is issued by a financial institution or bank assuring payment to a seller of goods or services.
newsinfo.inquirer.net
The bank that issues the letter of credit often charges high interest rates, and transactions can take many days to process.
www.businessinsider.com
We expect the letter of credit to be cancelled in the near future, upon which our bank loan borrowing base will be reduced to $nil.
www.digitaljournal.com
The security can be in the form of a lien bond, letter of credit or certified cheque.
www.mondaq.com
This is because standby letter of credit collateral can not be used to fund the underlying commodity derivative.
www.mondaq.com
It was accepted that regard was not to be had to the underlying agreement in construing the letter of credit which had been provided.
www.mondaq.com
Construction of the letter of credit instrument is paramount.
www.mondaq.com
A letter of credit is a written assurance from the school affirming ample funds are available to the department on demand.
www.upi.com
They may also be required to post a letter of credit to cover at least part of the government's potential losses on failed schools' loans.
www.winchesterstar.com

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