On: March 10, 2002 By: Chris Lidberg
Trade Letters of Credit versus Standby Letters of Credit
The trade letter of credit is intended to be a payment tool. The standby letter of credit is just the opposite. It is not intended to be drawn upon.
On: March 10, 2002 By: Chris Lidberg
The trade letter of credit is intended to be a payment tool. The standby letter of credit is just the opposite. It is not intended to be drawn upon.
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