How Letter of Credit Works

Dev Patel , Last updated: 15 October 2017  
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Any person involved in the trade is familiar with the term Letter of credit. Letter of credit in general term is an assurance given to remit the amount to the seller through seller's bank, by the buyer's bank, on maturity as per the terms and agreement of agreement between the parties. It is a le

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Dev Patel
(Student CA Final )
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