Define the Letter of Credit.
Define the Letter of Credit.
发布时间：2025-02-25 03:00:11
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答案：An instrument -1) Issued by a bank, or other person, at the request of a customer (called an "account party").2) It is a conditional agreement between the issuer and the account party that is intended to benefit a third party.3) It obliges the issuer:a) To pay a bill of exchange drawn by the account party, up to a certain sum of money,b) Within a stated time period, andc) Upon presentation by the beneficiary of documents designated by the account party.
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