Letter of credit (loc), Financial Management

Letter of Credit (LOC)

A popular bank instrument begins that a bank has granted the holder an amount of credit equal to the face amount of the L/C. A bank guarantees payment of its customer's draft up to a beginning amount for a given period of time.

Posted Date: 10/17/2012 2:26:49 AM | Location : United States







Related Discussions:- Letter of credit (loc), Assignment Help, Ask Question on Letter of credit (loc), Get Answer, Expert's Help, Letter of credit (loc) Discussions

Write discussion on Letter of credit (loc)
Your posts are moderated
Related Questions
What is the Ratio uses To compare results over a period of time To measure performance against other organisations To compare results with a target To compare against

List a few types of non-price rationing systems. (a) Queuing. (b) Favored customers. (c) Rationing coupons.

Blue Sky It refers to laws that safeguard investors from being misled by investment people who misrepresent the significance value of investments to get the money of the finan

Why is capital budgeting analysis so important to the firm? The major goal of the financial manager is to maximize shareholder wealth. Capital investments along with positive N

Question: The Statement of Principles for Financial Reporting sets out the principles that should underlie the preparation and presentation of general-purpose financial stateme

Why does money have time value? Positive interest rates point toward that money has time value.  When one person lets one more borrow money, the first person needs compensation

Remaining differences with US GAAP IFRS 8 comprise intangible assets as part of the non-current assets. SFAS 131 only refers to tangible assets. IFRS 8 requires method

Explain in detail various sources of finance. Which is the most appropriate one?

Product Pricing Through Simulation Having studied a simpler problem, let us revert to our earlier illustration regarding fixing a price. Let us suppose that we want to simul

Determine the Working Capital Decision Investment in current assets is a major activitythat a finance manager is engaged in a daily basis. How much inventory tokeep, how much