Apa itu Letter of Credit?
Letter of Credit A formal document issued by a bank guaranteeing payment to a beneficiary on behalf of the applicant, provided that specific terms and conditions are met, widely used in international trade.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Letter of Credit” Used in Practice?
Eksportir membutuhkan letter of credit untuk menjamin pembayaran ekspor.
Certification Exam Relevance
Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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Apa itu Letter of Credit?
A formal document issued by a bank guaranteeing payment to a beneficiary on behalf of the applicant, provided that specific terms and conditions are met, widely used in international trade.
Where can I learn this term for free?
Termify is a 100% free professional English app that teaches Letter of Credit and 4,071+ other industry terms with native pronunciation, IPA transcriptions and career quizzes. Available on iOS in 23 languages. No subscription, no credit card required.
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