Time Letter of Credit

Time Letter of Credit

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Time Letter of Credit

Letter of credit requiring payment a certain number of days after the appropriate documents are presented. It is also called a usance letter of credit.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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* Includes a one time letter of credit limit of Rs.6.3 million