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Meaning of letter of credit

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Meaning of letter of credit

Posted by Abhay Kumar Yadav 4 years, 10 months ago

CBSE > Class 11 > Business Studies

1 answers

Ekta Verma 4 years, 10 months ago

It is a document used in import export trade which is issued by the importer's bank. I promises to accept bill of exchange of fixed amount.

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This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
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