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What is letter of credit?

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What is letter of credit?

asked Feb 1, 2020 80.2k views

5 votes

What is letter of credit?

Business
middle-school

StampyTurtle asked

by StampyTurtle

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1 Answer

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Answer:

a letter issued by a bank to another bank to serve as a guarantee for payments made to a specified person under specified conditions.

Step-by-step explanation:

RTA answered Feb 7, 2020

by RTA

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