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 / 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

Is This Answer Correct ?    22 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is current GDP of India?

1524


What Is Sensex And How It Is Calculated?

1028


Why would two companies merge?

1122


What are things that affect the health of a stock portfolio?

1262


Define Convertible Debentures?

1138


By which mean rbi did the off-site surveillance?

1047


Explain About Users, Groups, And Domains?

1158


Have you applied to any other areas apart from banking?

1034


Comment on Demonetization?

1032


What happens when reserve bank of india reduces the bank rate by 1%?

968


What is a PPF account?

1076


Define Beta.

1261


What according to you should be done for the growth and development of the economy?

1020


What are the provisions to protect the interest of small depositors?

1019


what are the interview question for housing finance companies in credit department.

8788