A letter of credit is a financial document issued by a bank guaranteeing payment to a seller.

• It is a payment guarantee used in international trade

• The bank acts as an intermediary between the buyer and...read more

Basic financial analyst questions are related to journal entries, especially accrual and deferred revenue, depreciation, provisions, Reconciliations, suspense account, profit and loss, margins, foreca...read more

A letter of credit is also known as bankercommercial credit, is a document from a bank or other financial institutions guaranteeing from a specific payments will be made in business transaction