Revocable Letter of Credit

0.02 sec.

Revocable letter of credit

Assurance of funds issued by a bank that can be canceled at any time without prior notification to the beneficiary.

A letter of credit that the grantingbank or the letter holder (who is the buyer of some good) may cancel under some or any circumstances. This does not provide the seller with any extra assurance that he/she will be paid on time and in the correct amount. As a result they carry higher risk than irrevocable letters of credit.

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.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Revocable			The most common are: Revocable Letter of Credit: A revocable letter of credit allows the issuer to modify it, amend it or even cancel it. Letters of Credit - What You Need to Know by Marco Terry / Business community			reverse radius clause reverse redlining Reverse Repo Reverse Repurchase Agreement Reverse shell merger Reverse Stock Split Reverse subsidiary merger Reverse Swap Reverse Takeover Reverse Triangular Merger Reverse-Annuity Mortgages Reversing Trade reversion reversionary factor reversionary interest reversionary value Revertir un swap review appraiser Revised Estimate Revisionary Trust Revisione esterna Revisione interna Revisor de contas Revocable Revocable Beneficiary Revocable Letter of Credit Revocable Trust revocation Revoked IRA Revolver Revolving Acceptance Facility by Tender Revolving Credit revolving credit agreement Revolving Line of Credit Revolving-Loan Fund RevPAR Reward-to-Volatility Ratio rezoning RFP RFQ Rho Rho Epsilon Rhodesian Dollar Rial Rial Saidi Riba Riba al-Jadl Riba al-Quran Riba al-Sunnah Rich Richard Roll			Reviving the Heart of the West End Reviving the Islamic Spirit Reviviscence reviviscency Reviviscent Reviviscent Revivon Revivor Revivor Reviziia Revizion-Kollegiia Revizskaia Dusha Revizskie Skazki Révkomárom REVL Revlimid Revlon Inc REVM RevMan REVN REVN DT Revo Revocability Revocability Revocability revocable revocable revocable Revocable Beneficiaries Revocable Beneficiary Revocable Letter of Credit Revocable Letters of Credit Revocable living trust Revocable living trust Revocable living trust Revocable living trust Revocable Living Trusts Revocable trust Revocable Trusts revocare revocare Revocate Revocate revocatio revocation revocation revocation revocation revocation Revocation of a Will Revocation of a Will Revocation of a Will Revocation of a Will Revocation of a Will Revocation of Adoption Revocation of Adoption Revocation of Adoption Revocation of Adoption Revocation of Dropped from the Rolls revocation of orders Revocation of Power of Attorney

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.