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Commercial Letter of Credit - A letter from a bank or lending institution that authorizes an account holder to draw drafts within set limits, and requires the repayment of such drafts by the account holder.
Related Terms: Commercial Letter of Credit - account | debt | draft | letter of credit | loan |
Search History: [ Commercial Letter of Credit ]
|WWW Virtual Library of Logistics
Ver 4, Sep, 1999, Matthew D. Cox, email@example.com
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