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Related Definitions
Documentary credit irrevocable Documentary credit irrevocable is an irrevocable documentary credit is a definite undertaking by the issuing bank that the provision for
Revocable Documentary Credit Revocable Documentary Credit as the name implies, the fundamental difference between this type of instrument and an irrevocable credit is
Export Documentary Credit Negotiated Export Documentary Credit Negotiated bank facility which records the liability for negotiation or purchase of Bill of exchange under export
Commercial documentary credit The document that the banks issue toward the client for the convenient of their business is called commercial documentary credit.
Documentary credit Supervising certain documents and issuing certain papers disburse this type of loans to the clients. Here banks don’t provide ...
Non-commercial documentary credit Bank whenever issues documents that will be used for non-commercial purpose is called non-commercial documentary credit.
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