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What is Guarantee Guarantee the term that provides Calm to the person in the form of Security that the thing for which it is given will be done if not done financial compensation will be paid. So the guarantee is a security for getting done the work
Foreign currency means any other currency other than the home currency, so if we say with reference to the above example foreign currency means any other currency other than Rupee for India, Pound Sterling for UK and US Dollar for USA.
Letter of Credit/Documentary Credit Letter of Credit/Documentary Credit is a one of the method of payment through which payment in theinternational as well as domestic market is effected for the goods purchased or service provided. Though there is a
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