Wants to know the defination of "Letter of credit" ?

Question

It's secured transactions between buyer or saller though Banking channel. This is a one of the payment term. Payment trough LC.

Answer

idk dont ask meh:P

Answer

A letter of credit is actually a document issued by a financial institution. It assures the payment to a seller of certain goods and/or services used, provided certain documents have been presented to the bank.

Wants to know the defination of "Letter of credit" ?

Answers (2)