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单词
back-to-back letter of credit
释义
Back-to-Back Letter of Credit
Back-to-Back Letter of Credit
Two letters of credit issued by two banks, one guaranteeing payment by a seller and the other guaranteeing performance by a buyer. Back-to-back letters of credit are intended to minimize the risk of a transaction. See also: Back-to-Back Credit.
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更新时间:2025/4/3 12:50:44