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A letter of credit that is payable once it is presented along with the necessary documents, a written commitment by a bank to make payment at sight.

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19y ago

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Related Questions

What letters are invisible but never out of sight?

S,and I


What is a palindrome with Four letters for organ of sight?

If it's three letters, it's "eye."


What are the ratings and certificates for Letters of Credit - 1921?

Letters of Credit - 1921 is rated/received certificates of: UK:A


How many types of LC are there?

There are several types of letters of credit (LC), with the most common being revocable and irrevocable letters of credit. Other types include confirmed letters of credit, standby letters of credit, and transferable letters of credit, each serving different purposes in international trade and finance. Additionally, there are specific types designed for particular transactions, such as export and import letters of credit. Each type offers varying levels of security and obligations for the parties involved.


Do credit cards have letters in a credit card number?

Some credit cards have letters. Others don't have. Visa for example have a letter V superimposed.


What word is obtained by unscrambling the letters hgtsi?

The word obtained by unscrambling the letters hgtsi is sight.


What are some types of letter of credit?

Documentary letter of credit, open letter of credit, confirmed letter of credit,unconfirmed letter of credit, revolving letter of credit, fixed letter of credit,transferable letter of credit,nontransferable letter of credit,revocable letter of credit,irrevocable letter of credit,back to back letter of credit.


Can a sight lc be transferred as usance?

Yes, a sight letter of credit can be transferred as usance. The seller can request the bank to transfer the payment terms from sight to usance, enabling the buyer to make payment at a later date as agreed upon in the letter of credit.


Three types of business letters are?

* Sales letters * Request letters * Goodwill letters * Acknowledgement letters * Credit and collection letters * Inquiry letters * Demand letters * and more


What are three types of business letters?

* Sales letters * Request letters * Goodwill letters * Acknowledgement letters * Credit and collection letters * Inquiry letters * Demand letters * and more


What letters are in visible but never out of sight?

The letters that are "in visible but never out of sight" are "V," "I," "S," "I," "B," "L," and "E." These letters are found within the word "visible" and are not visible on their own outside of that context. They create the word that describes the state of being able to see something.


Does a credit card number include letters?

No