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Bank issue Essays

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Letter Of Credit
LETTER OF CREDIT RATINGDefinition: Letter of Credit rating can be defined as a binding doc that a purchaser can ask for from his bank in order to guarantee that the repayment for goods will be used in the seller. Quite simply, a page of credit gives the seller reassurance that he will receive the payment to get the goods. In order for the payment to occur, the seller has to present the bank while using necessary shipping documents confirming the delivery of goods within a given time..
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