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Sight Letter of Credit

Also found in: Acronyms

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Sight Letter of Credit

A letter of credit that is payable once it is presented along with the necessary documents.

Notes:

These letter of credits require a more stringent process of verification.

See also: Irrevocable Letter of Credit, Letter of Credit, Trade Finance

Sight Letter of Credit

A letter of credit made payable to a beneficiary upon presentation to the opener of conforming documents.

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