Question

 What Is an Irrevocable Letter of Credit?

Answer An irrevocable letter of credit guarantees that a buyer will pay a seller on time and for the full amount owed, according to Investopedia. The letter cannot be canceled. Most irrevocable letters of... Read More »
http://www.answerbag.com/q_view/2121968

Top Q&A For: What Is an Irrevocable Letter of Credit

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 »
http://www.ehow.com/facts_6837562_difference-_amp_amp_-standby-letter-credit.html

What is the fee for a letter of credit?

The fee for a letter of credit is noted as a percentage of the amount needed and is expressed as a percentage, typically around 1% to 2%. There are often minimum charges, as the letter of credit is... Read More »
http://www.answerbag.com/q_view/2045798

What is the cost of a letter of credit?

The fee for a letter of credit is based on a percentage of the amount of the letter. Since letters of credit are sometimes never used, banks often charge a minimum to draft one for a client to comp... Read More »
http://www.answerbag.com/q_view/2059453

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 »
http://www.ehow.com/how_6389065_apply-letter-credit.html


feedback
loading