Contingent liability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2013
i know bank guarantee is contingent liability.
is letter of credit given by bank also a contingent liabilty?
what exactly is letter of credit.
experts please reply as soon as possible.
please revert back.
is letter of credit given by bank also a contingent liabilty?
what exactly is letter of credit.
experts please reply as soon as possible.
please revert back.
20 June 2013
Bank guarantee is a contingent liability
Letter of credit is fund based credit facility by the banker
Letter of credit is fund based credit facility by the banker
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