letter of credit


This query is : Resolved 

(Querist)
07 March 2009 What is the meaning of letter of credit? Why does bank issue this?

please clarify.

Thanks is advance.

07 March 2009 Pl visit https://en.wikipedia.org/wiki/Letter_of_credit

Vinothbabu.S (Querist)
07 March 2009 thank you sir


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