A letter of credit is __________.
A: a formal guarantee of payment
B: a conditional undertaking to make payment
C: an unconditional undertaking to make payment
D: a two bank guarantee of payment
A: a formal guarantee of payment
B: a conditional undertaking to make payment
C: an unconditional undertaking to make payment
D: a two bank guarantee of payment
举一反三
- Please make pharses with the following words(guarantee,stock,period,credit,details,service,payment)1.credit card__________
- The payment method that belongs to the remittance is ( ) A: Bills of remittance B: Collection C: Letter of guarantee D: Direct collection
- The ( ) refers to the bank that is responsible for payment of the proceeds under a letter of credit if the terms and condition of the credit are complied with.
- Under Letter of Credit, "Honor" does not include ( ). A: Sight Payment B: Negotiation C: Deferred Payment D: Acceptance
- Your request for payment（）Letter of Credit is unacceptable.