Red Clause Letter Of Credit

Business, Legal & Accounting Glossary

Definition: Red Clause Letter Of Credit


Red Clause Letter Of Credit


Full Definition of Red Clause Letter Of Credit


A letter of credit used in exporting that includes a clause allowing the exporter to draw down on a portion of the sale proceeds prior to shipment in order to cover the part of the cost associated with the production and delivery of goods. The clause is set apart from the body of the document by its red ink.


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Red Clause Letter Of Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 29, 2024 https://payrollheaven.com/define/red-clause-letter-of-credit/.
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Red Clause Letter Of Credit. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/red-clause-letter-of-credit/ (accessed: March 29, 2024).
American Psychological Association (APA):
Red Clause Letter Of Credit. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/red-clause-letter-of-credit/

Definition Sources


Definitions for Red Clause Letter Of Credit 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: 16th November, 2021 | 0 Views.