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Confirmed Letter of Credit |
Also found in: Acronyms | 0.05 sec. |
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Confirmed Letter of Credit A letter of credit which a bank other than the bank that opened it agrees to honor as though they had themselves issued it. This additional confirmation is in addition to the obligation of the bank which issued the letter of credit. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The cost is about the same as it is for a confirmed letter of credit without any of the paperwork. This order is financed by an irrevocable confirmed letter of credit and is to be fulfilled by May 13, 2003. EXIM Bank paid upon shipment through an irrevocable confirmed letter of credit. |
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