How To Use Letter of credit In A Sentence
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In 2001, the endowment would have dwindled to only $28.9 million, below the $35 million level the museum is required to maintain under the terms of a letter of credit collateralizing the bonds for the expansion.
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SELLER issues 2% PB to activate buyer's Non transferable letter of credit as agreed on contract.
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I have arranged for my branch to send a letter of credit to the branch nearest the hotel.
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Uh - huh. He agreed to pay by Irrevocable Letter of Credit.
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But as of this date, we still have not received your covering letter of credit.
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Uh - huh. He agreed to pay by Irrevocable Letter of Credit.
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The project is being backed by a letter of credit from Lasalle Bank.
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A confirmation to the letter of credit is added by the advising bank or by another bank intermediating in the transaction.
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If he flunks the test, the letter of credit is dissolved.
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So instead of carrying a letter of credit on a balance sheet, a creditor will securitize it and sell it on the open market.
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I have arranged for my branch to send a letter of credit to the branch nearest the hotel.
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The project is being backed by a letter of credit from Lasalle Bank.
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A standard, commercial letter of credit is a document issued mostly by a financial institution, used primarily in trade finance, which usually provides an irrevocable payment undertaking.
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He proposed that Grant send with each order a cheque for 30% of the order and a letter of credit for 50% of the order, cashable at what he referred to as the billing date.
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The project is being backed by a letter of credit from Lasalle Bank.
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Banker: There are two other modes. One is collocation; the other is letter of Credit LIC.
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I know I shall immediately receive a letter of credit from you, and then, with what alacrity shall I begin the last journey, I trust I shall ever take; once again in the peaceful shelter of our dear cloyster; never, never more, shall my heart, or feet become wanderers.
Agnes De-Courci: a Domestic Tale
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The bank in Ecuador will instruct its agent bank in the United States to establish a letter of credit.
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The Buyer provides within 3 working days a Non-Operative, Irrevocable, Non-transferable Usance 90-days After Sight DLC (Documentary Letter of Credit) for the Seller's bank approval.
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A standard, commercial letter of credit is a document issued mostly by a financial institution, used primarily in trade finance, which usually provides an irrevocable payment undertaking.
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I have arranged for my branch to send a letter of credit to the branch nearest the hotel.
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an unconfirmed letter of credit
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It grew from the traditional commercial letter of credit, and inherited the characteristics of the letter of credit, independence principle and strict compliance standard and so on.
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The project is being backed by a letter of credit from Lasalle Bank.
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The letter of credit is subject to the uniform customs and practice for documentary credits of the international chamber of commerce.
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Export loan under mortgage of documents and negotiation are two kinds of financing methods under negotiation letter of credit.
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This standby letter of credit is neither assignable nor transferable.
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It seems to me that there must be cases when illegality can affect a letter of credit.
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It is too subtle and not easily found, clearly listed in the letter of credit terms, there is no forgery or hide, and therefore did not constitute fraud.
