„Deferred Payment Letter of Credit“
What does Deferred Payment Letter of Credit stand for?
A letter of credit that allows the buyer to take possession of goods by agreeing to pay the issuing bank or the confirming bank at a fixed future date.
Source:
Financial and BankingView all itemsHinkelman, Edward. “Letter of Credit”. Dictionary of International Trade. Nova Vista Publishing, 6th edition, 2010.
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