Does a letter of credit pay dividends?

Answer Letters of credit are used by importers and exporters. They most often are supplied by the importer's bank to the exporter detailing contractual expectations. Letters of credit are used to arrange ... Read More »

Top Q&A For: Does a letter of credit pay dividends

Difference Between a Letter of Credit & a Standby Letter of Credit?

A letter of credit and a standby letter of credit are similar services offered by banks to aid financial transactions between buyers and sellers. The bank issuing either of these letters guarantee... Read More »

What is a Tax Credit on Dividends?

A tax credit on dividends is when the net amount paid on a portion of taxes is used to pay a company's corporate tax bill. The "tax credit" is applied to the company's tax bill generated from the c... Read More »

Dividends Declared & Dividends Payable?

Dividends are financial rewards a company gives to shareholders. Dividends are not a necessity as part of the reward given to shareholders. When they do occur, however, a company must accurately re... Read More »

How to Apply for a Letter of Credit?

A letter of credit, also called documentary credit and sometimes abbreviated as LC or LOC, is a promissory note extended by a bank or financing institution on behalf of a buyer to a seller guarante... Read More »