„Unrestricted Letter Of Credit“
What does Unrestricted Letter Of Credit stand for?
A letter of credit which may be negotiated through any bank of the beneficiary’s choice.
Source:
Financial and BankingView all itemsBeck, V. (2004). “The Legal Environment of Business: Text and Cases: Ethical, Regulatory, Global, and Corporate Issues”. 10th edition. New York: West Group.
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