What is a letter of credit (L/C)
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eAnswers Team
A Letter Of Credit (L/C) is a letter/document which is issued by a financial institution which gives an assurence of payment to a seller of goods and/or services which is then reimbursement from the buyer or from the buyer’s bank.
eAnswers Team
A Letter Of Credit (L/C) is a letter/document which is issued by a financial institution which gives an assurence of payment to a seller of goods and/or services which is then reimbursement from the buyer or from the buyer’s bank.
eAnswers Team
A Letter Of Credit (L/C) is a letter/document which is issued by a financial institution which gives an assurence of payment to a seller of goods and/or services which is then reimbursement from the buyer or from the buyer’s bank.