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 L/C(Letter of Credit) |
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 {1} Letter of credit
 [1] Definition of letter of credit
| - L/C refers to when a conditional promissory note agree directly disburse, take over, Nego or indirectly disburse, takeover and Nego upon a request of an L/C applicant for disbursement or by a bank's decision itself when there is a presentation that required by an opening bank's L/C and that the presented documents are consensus to the L/C terms. |
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