Irrevocable letter of credit

Assurance of funds issued by a bank that cannot be canceled or amended without the beneficiary's approval.

Irrevocable Letter of Credit

A letter of credit that neither the bank granting it nor the letter holder (who is the buyer of some good) may cancel under any circumstances. This provides the seller with extra assurance that he/she will be paid on time and in the correct amount. Irrevocable letters of credit are most common in international commerce.

单词	irrevocable letter of credit
释义	EncyclopediaSeeILOC Irrevocable letter of credit Irrevocable letter of credit Assurance of funds issued by a bank that cannot be canceled or amended without the beneficiary's approval. Irrevocable Letter of Credit A letter of credit that neither the bank granting it nor the letter holder (who is the buyer of some good) may cancel under any circumstances. This provides the seller with extra assurance that he/she will be paid on time and in the correct amount. Irrevocable letters of credit are most common in international commerce. See ILOC See ILC
随便看	walker foxhound walker, francis amasa walker, george walker, herschel junior walker, horatio walker hound walker in the wastes player aid walker, james walker, james john walker, jimmy walker, joe walker, john walker, joseph reddeford walker, j.t. ainslie walker, jt ainslie walker, kara elizabeth walker, kenneth n. walker lake walker lake (disambiguation) walker lake state recreation area walker, madam c. j. walker, maggie lena walker, mary e. walker, mary edwards walker, mort