Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What is Letter of Credit?

Answer Posted / pnv srinivasu

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

Is This Answer Correct ?    19 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand---------BPCD

2007


legal accounting methods to reduce profit of a partnership firm so as to reduce the tax liability?

3077


what is the difference between cash flow and funds flow

2202


can any one send me payables real time scenarious or any projects

2090


distinguish between price rate and time rate?

2081


HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?

2028


what are the suggestions to control NPA in rural areas?

3991


HOW TO CALCULATE ESI,P.F,VAT,I.TAX,EXCISE,C.S.T.REFUND CLAIM, E.T.C. IF YOU KNOW ANY OF THIS PLASE REPLY

9553


how to make a project accounting in tally erp9 ?

6792


what is participation right is it a debt? or not?

2203


Short Answer on _______Appropriation

1895


what type of questions are asking for fund administration???

5423


What is meant by consignment

2093


we want all sbi previous questions papers in our e.mail krishna2043 on yahoo

2069


Can anybody tell me how much salary m show in my resume for expection for the next job m graduate 2year accounts experience?

2023