Bank Letter Of Credit Policy

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Definition: Bank Letter Of Credit Policy

Bank Letter Of Credit Policy
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Full Definition of Bank Letter Of Credit Policy

Insurance policy established by Export-Import Bank of the United States, which allows United States banks to confirm a letter of credit issued by a foreign financial institution. The insurance protects the domestic bank against possible default from the foreign institution.

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https://payrollheaven.com/define/bank-letter-of-credit-policy/
Modern Language Association (MLA):
Bank Letter Of Credit Policy. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/bank-letter-of-credit-policy/.
Chicago Manual of Style (CMS):
Bank Letter Of Credit Policy. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/bank-letter-of-credit-policy/ (accessed: April 19, 2024).
American Psychological Association (APA):
Bank Letter Of Credit Policy. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/bank-letter-of-credit-policy/

Definition Sources

Definitions for Bank Letter Of Credit Policy are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 14th November, 2021 | 0 Views.