Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what is the meaning of LETTER OF CREDIT?

Answer Posted / padma

The Letter of Credit is issued by the bank, in favour of
repayable secured guaranteeing a clients ability to pay
for goods or services.

Is This Answer Correct ?    14 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

is advance against FD or RD is treated as NPA .if EMI is not in scheduled . or classification of npa as per day is is made from sanction date or last payment date of repayment . please suggest me

2288


Short Answer on _____________Intangible Assets

2109


what is your achievements?

2036


what is the accounting conventions

4304


what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c

2226


Accounting related interview questions on ibm

1449


What are the benefits ofparticipation in a depository?

2540


what's accounts payable

12400


Reserve Capital and Reserve Capital

2318


what is status report? and flow report?

2112


What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?

2372


WHICH IS MORE RISKY TO A BANKER, A CASH CREDIT OR A LETTER OF CREDIT

2197


What are the Types of invoices batching? & what is 3 way batch?

2205


what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?

2290


we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?

2106