Bank Letter Of Credit Policy

Business, Legal & Accounting Glossary

Definition: Bank Letter Of Credit Policy


Bank Letter Of Credit Policy


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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December 02, 2021 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: December 02, 2021).
American Psychological Association (APA):
Bank Letter Of Credit Policy. PayrollHeaven.com. Retrieved December 02, 2021
, 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.