Letter of Credit

A letter of credit is a document issued by an importer to his bank, which in turn is sent to an exporter's bank instructing them that a sum...
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Standby Letter of Credit

A Standby letter of credit, otherwise known as a non-performing letter of credit, is a letter issued by a financial institution to an individual...
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Letter of Credit Terms

A letter of credit terms is a document that lists the conditions of an importer's letter of credit. It guarantees payment for goods and...
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Letter of Awareness

A letter of awareness (sometimes known as a letter of comfort) is a formal letter written by a parent company to a creditor, informing them that...
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