Definition Of

Revolving Letter of Credit

Revolving Letter of Credit is a Letter of Credit in which the value of the Letter of Credit is automatically reinstated upon utilization. A Letter of Credit may revolve by value, time or both.

Share it:

More from this Section

  • Outright
    Outright is the purchase or sale of foreign currency for delivery at any forward date beyond two working days ahead.
  • EBIT-EPS Model
    EBIT refers to a company's earnings before interest and taxes. EPS stands for earnings per share.To define the capital structure to maximization of earnings per share of a company before interest and taxes is "EBIT-EPS Model".
  • Unit Banking Organization
    In the unit banking system, the banking operations are carried through a single office and confined to a particular area.
  • American terms
    American terms refer to foreign exchange quotations for the U.S. dollar, expressed as the number of U.S. dollars per unit of non-U.S. currency.
  • Service Charge
    Service Charge is a fee paid for using a service.
  • Product Mix
    Product Mix is the composite of products offered for sale by an organization.
  • Branch Banking Organizations
    Branch banking is a system where the banking business is carried on by single bank with a network of branches throughout the length and.......