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Letter of credit

siril (student) (508 Points)

21 April 2017

what is usance lc

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(Guest)

The allowable period of time, permitted by custom, between the date of bill and its payment. The usance of a bill varies between countries, often ranging from two weeks to two months. 2. The interest charged on borrowed funds. Usance is derived from the action of usury.

anuj saxena (officer) (37 Points)
Replied 22 April 2017

Sir can we get any pdf format of full knowledge of letter of credit

sivaram (Asst Mgr-Taxation) (6918 Points)
Replied 22 April 2017

ANUJ SAXENA

you can get full knowledge from google search engine regarding LC .To get Deep Knowledge you should know about UCP (Uniform Custom Practices) also for accounting part just learn what it is .to know in depth you should acquire expert knowledge