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

What is a probation period?

0 Answers   State Bank Of India SBI,

---

What Is Accrued Income?

0 Answers  

---

Brand has become an important aspect of Business. What are the advantages of building a Brand and what steps are available under IPR to protect its ownership?

0 Answers  

---

What is Banking Ombudsmen Scheme?

1 Answers  

---

What is Pradhan Mantri Jan Dhan Yojana?

0 Answers   State Bank Of India SBI,

---

Please let know any good short term courses courses in Finance related to Stock markets as I would like to enhance my career in the invest banking sector.

2 Answers   ICICI,

---

What is the basic difference between recruitment and selection process?

0 Answers   IBPS,

---

what is your core comtetence

0 Answers  

---

What are NPA? How can they be reduced?

0 Answers   State Bank Of India SBI,

---

What are the different business cycles?

0 Answers  

---

What is 'hundi'?

0 Answers  

---

Types of ratios? wht r they

19 Answers   Deloitte, TD Canada Trust,

---