Guarantee to an exporter that the importer will pay immediately for the goods ordered by him, is knows as
Created: 5 years ago |
Updated: 3 years ago
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Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as Letter of Credit (L/C).
A Letter of Credit, also known as LC or Documentary Credit, is a commonly used instrument for effecting payment between a buyer and a seller.
Md Azizur Rahman
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