Answer / k. phanindra kumar

if one company imports goods from another company from
another country then the imported company will approach bank
for issuing a letter. the bank will give assurance to the
export company. On the delivery of the goods the imported
company will make payment

Answer / kapil waghmare

letter from a bank guaranteeing that a buyer's payment to a
seller will be received on time and for the correct amount.
In the event that the buyer is unable to make payment on
the purchase, the bank will be required to cover the full
or remaining amount of the purchase

Answer / jochandu

bank given assurence is called letter of credit

oracle interview questions and answers?

0 Answers  

---

Define Trigger?

0 Answers   IBM,

---

What is a DMAT account?

0 Answers   IBPS,

---

What do you mean by return on capital employed?

0 Answers  

---

What are the Types of capital Resources?

2 Answers  

---

Differentiate between Cost Accounting and Financial Accounting?

0 Answers  

---

what are the expected questions for the excutive position?

0 Answers  

---

I am going to complete my MBA and I am selected in a clerk exam, I know i can do much better like after how many years I will get a growth If I join Sbi as a clerk. Like after How much time I will become officer

0 Answers   Finance, State Bank Of India SBI,

---

What is alm in banking sector?

0 Answers  

---

What happens to each of the three primary financial statements when you change a) gross margin b) capital expenditures c) any other change?

0 Answers   Deloitte,

---

What Is Saving Account?

0 Answers  

---

What is the function of blue chip stock?

0 Answers   SEBI,

---