a [...] is a secondary payment method in which the bank pays the beneficiary only when the holder cannot.
Answer
standby letter of credit
Question
a [...] is a secondary payment method in which the bank pays the beneficiary only when the holder cannot.
Answer
?
Question
a [...] is a secondary payment method in which the bank pays the beneficiary only when the holder cannot.
Answer
standby letter of credit
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Parent (intermediate) annotation
Open it a standby letter of credit is a secondary payment method in which the bank pays the beneficiary only when the holder cannot.
Original toplevel document
Letter Of Credit Definition | Investopedia aluable when a client is located in a potentially unstable economic environment. Types of Letters of Credit A commercial letter of credit is a direct payment method in which the issuing bank makes the payments to the beneficiary. In contrast, <span>a standby letter of credit is a secondary payment method in which the bank pays the beneficiary only when the holder cannot. A revolving letter of credit lets the customer make any number of draws within a certain limit during a specific time period. A traveler’s letter of credit guarantees the issuing banks
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
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Details
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