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Investments glossary

Irrevocable Letter of Credit (ILOC)


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All that is gold does not glitter not all those that wander are lost.

— J. R. R. Tolkien

An irrevocable letter of credit (ILOC) is an official correspondence from a bank that guarantees payment for goods or services being purchased by the individual or entity, referred to as the applicant, that requests the letter of credit from an issuing bank.

Letter of Credit(LC) का सब कुछ आसान भाषा में समझिये
Letter of Credit(LC) का सब कुछ आसान भाषा में समझिये
Title
Letter of Credit(LC) का सब कुछ आसान भाषा में समझिये
Runtime
13:09
View count
779,685
Date posted
Apr 13, 2018
Revocable/Irrevocable Letter Credit & Confirmed Letter of Credit. | Urdu Language | Hindi Language
Title
Revocable/Irrevocable Letter Credit & Confirmed Letter of Credit. | Urdu Language | Hindi Language
Runtime
5:20
View count
565
Date posted
Apr 28, 2020
Letter of Credit Basic Concepts | Process Flow | Parties Involved
Title
Letter of Credit Basic Concepts | Process Flow | Parties Involved
Runtime
15:44
View count
43,130
Date posted
Jan 24, 2020

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