Unconfirmed Letter of Credit
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Unconfirmed Letter of Credit

A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. The advising bank merely informs the beneficiary of the letter of credit terms and conditions.

Unconfirmed Letter of Credit

A letter of credit where only the bank issuing it has agreed to guarantee payment. This differs from a confirmed letter of credit, where at least two banks guarantee payment. This increases the risk for the bank that honors the letter of credit, as it only has one, rather than two, ways to seek recourse.

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Advised Credit			Unauthorized Transfer Unauthorized Use Unavoidable Costs Unbalanced Growth Unbanked Unbiased Estimator Unbiased Expectations Hypothesis Unbiased Predictor Unbranding Unbundled Life Insurance Policy Unbundling Uncalled Capital Uncap Uncashed Uncertain Tax Position Uncertified Unit Uncharged Uncharged Arrearage Unclaimed Balance Uncollected Funds Uncollectible Account Uncommercial Uncommitted Facility Unconditional Bid Unconditional Vesting unconfirmed Unconfirmed Letter of Credit Unconscionable Unconscionable Bargain Unconsolidated Subsidiary Uncovered Call Uncovered Call Writing Uncovered Interest Arbitrage Uncovered Option Uncovered Options Uncovered Put Uncovered Put Writing Uncreditworthy Undated Security Undeliverable Billing Document Undeliverable-As-Addressed Under Reporting Under the Belt Under the Counter Under the Table Under-Allowance Underage Underapplied Overhead Underbanked Underbooked Undercapitalized			unconditioned response unconditioned response unconditioned response unconditioned response unconditioned response Unconditioned stimuli Unconditioned stimuli unconditioned stimulus unconditioned stimulus unconditioned stimulus unconditioned stimulus unconditioned stimulus unconditionedness unconditionedness unconditionedness uncondoling unconfessed Unconfidence unconfident unconfidently unconfined unconfined Unconfined aquifer Unconfined aquifer Unconfined Compressive Strength unconfined explosion Unconfined groundwater Unconfined groundwater Unconfined Vapor Cloud Explosion unconfirmable unconfirmed unconfirmed account Unconfirmed Letter of Credit Unconfirmed Letter of Credit Unconfirmed Letter of Credit Unconfirmed Letters of Credit unconfirmed report Unconform unconformability unconformability unconformability unconformable unconformable unconformable unconformably unconformably unconformably unconforming unconformist unconformities unconformities unconformities unconformity unconformity unconformity Unconformity (geology) Unconformity (geology) Unconformity (geology) unconformity iceberg Unconfound Unconfounded

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Unconfirmed Letter of Credit (redirected from unconfirmed)

Unconfirmed Letter of Credit
(redirected from unconfirmed)