How a Stand By Letter of Credit Protects You – Yield 4 Finance

How a Stand By Letter of Credit Protects You – Yield 4 Finance

By Yield4Finance on from https://yield4finance.wordpress.com

A Stand by Letter of Credit is written agreements of an issuing bank to pay a sum of money to a receiver on behalf of their customer in the happening that the customer does not pay the receiver. It is a document provided by a bank. It provides security from the bank, which is most…
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