Letter of Credit (LC) is a banking instrument used for ------

Letter of Credit (LC) is a banking instrument used for ------ Correct Answer Export-Import

A letter of credit is a document that guarantees the buyer's payment to the sellers. It is Issued by a bank and ensures the timely and full payment to the seller. If the buyer is unable to make such a payment, the bank covers the full or the remaining amount on behalf of the buyer.
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Related Questions

Defining green banking is relatively easy. It means promoting environment -friendly practices and reducing your carbon footprint from your banking activities. This comes in many forms : using online banking instead of branch banking; paying bills online, opening up CDs (certificates of deposit) and money market accounts at online banks instead of large multi-branch banks. A green bank takes the biggest steps to support local green initiatives. Any combination of the above personal banking practices can help the environment. In this respect, online banks and smaller community banks have better track records than larger banks .However, these larger banks may be induced to go green . According to the passage, larger, multi -branch banks .
Letter of Credit (LC) is a banking instrument used for ----.
Letter of Credit (LC) is a banking instrument used for
Letter of credit (LC) is a banking instrument used for-
Letter of Credit (LC) is a banking instrument used for :
Letter of Credit (LC) is a banking instrument generally used in ---
Letter of Credit (LC) is a banking instrument used for -----
Letter of Credit (LC) is a banking instrument used for ---
Letter of Credit (LC) is a banking instrument used for.
ABCDEFGH what letter is three "to " the right of the letter immediately "to the left of the letter three "to" the left of the letter two to the ritght of the letter f?