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Assignment of Letter of Credit |
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Assignment of Letter of Credit The transfer of the right to receive payment on a letter of credit to another party. That is, in the assignment of letter of credit, the beneficiary of the letter of credit may sell or give a person or company the right to be paid by the bank honoring the letter. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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