English, asked by sahoomanisha6398, 1 year ago

Letter of credit meaning

Answers

Answered by abhishek65555

Explanation:

When money is added into the account it is known as credit. Addition of any thing

Answered by adithyakrishnan6137

Answer:

Letter of credit is a guarantee issued by the importer's bank that it will honour payment up to a certain amount of export bills to the bank of the exporter.

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