„Approx. (Approximately)“
What does Approx. (Approximately) stand for?
Same as “about” and “circa”; terms which when used in a letter of credit are construed to allow a difference not to exceed 10% more or 10% less than the monetary amount, or the quantity, or the unit price.
Source:
MiscellaneousView all itemsJames E. Byrne, Dan Taylor (2007). “International Banking for a New Century”. International Letter of Credit Corporation , pp. 113-117.
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